🚹What looked like a normal Fed day just turned into a global shock.

Here is what happened:

‱ Q2 GDP came in hot at +3%

‱ Fed kept interest rates unchanged

‱ Powell said: “Tariff-driven inflation is just getting started
 we’re staying patient”

So far, everything was steady.

Then came Trump and flipped the script:

‱ 40% tariffs on Brazil

‱ 50% on all semi-finished copper imports

‱ Announced $350B trade deal with South Korea (includes $100B LNG + 15% tariffs)

‱ 25% tariff on India over its ties with Russia

‱ Called Russia and India “dead economies”

‱ Said BRICS is a direct threat to the U.S. dollar

‱ Hinted at a big China deal coming soon

What started as a quiet Fed day is now a full-on trade offensive.

All eyes on August 1, the global response will be key.