đšWhat looked like a normal Fed day just turned into a global shock.
Here is what happened:
âą Q2 GDP came in hot at +3%
âą Fed kept interest rates unchanged
âą Powell said: âTariff-driven inflation is just getting started⊠weâre staying patientâ
So far, everything was steady.
Then came Trump and flipped the script:
âą 40% tariffs on Brazil
âą 50% on all semi-finished copper imports
âą Announced $350B trade deal with South Korea (includes $100B LNG + 15% tariffs)
âą 25% tariff on India over its ties with Russia
âą Called Russia and India âdead economiesâ
âą Said BRICS is a direct threat to the U.S. dollar
âą 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.