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🏛 ING analysts believe that the Federal Reserve System (FRS) has cut rates too late and that a recession in the US is quite likely;

📰 According to the FedWatch Tool, the probability that the Fed will cut rates by 50 basis points in September is 49.5%;

📊 The unemployment rate in England rose to 4.7% in July against 4.4% last year;

⚠️ Market participants still expect a direct military clash between Israel and Iran;

📈 The US government budget deficit in July was $243.74 billion against $66 billion in June.