The US national debt officially surpassed the $40 trillion milestone on August 20, equivalent to adding roughly $90,000 per second. Reuters notes this figure has more than doubled in a decade, spanning both Trump and Biden administrations. Analysts warn that surging debt will intensify interest payment pressures, potentially forcing the Federal Reserve into difficult choices between inflation control and fiscal sustainability.
Goldman Sachs says soft economic data makes a September Fed rate hike very unlikely, offering good news for bitcoin and risk assets. Markets focus on this week’s FOMC minutes for further policy signals.
The S&P 500 index reached a new all-time high following the release of mild inflation data, creating optimistic expectations about future monetary policy direction. Investors are closely watching the Federal Reserve’s next moves.
US consumer inflation dipped to 3.4% annually in July, with food costs slowing and housing stabilizing.
President Trump launched another attack on the Federal Reserve by attempting to remove Governor Lisa Cook, triggering sharp market reactions including a plunging dollar and surging bond yields as concerns over central bank independence intensified.
US Treasury Secretary Scott Bessent’s intervention in yen exchange rates has sent shockwaves through global financial markets, signaling what the Financial Times calls a new era of US ‘currency activism’ that breaks decades of non-intervention precedent.
Core Summary US stocks suffered a major selloff on July 29, with the Dow Jones Industrial Average plunging 900 points, a drop of over 2%, marking the largest single-day decline in recent weeks. Market panic intensified ahead of the Federal Reserve’s upcoming interest rate decision, as investors grew deeply concerned about recession risks and monetary policy direction. Analysts warn that market volatility could persist for weeks. Event Details According to CNBC, the Dow Jones Industrial Average closed down 900 points on July 29, with the S&P 500 and Nasdaq Composite also falling sharply. This selloff was driven by multiple converging factors: Federal Reserve policy uncertainty, mixed corporate earnings performance, and escalating geopolitical tensions. ...
Core Summary The U.S. Bureau of Labor Statistics reported on July 14 that the Consumer Price Index (CPI) fell 0.4% in June, marking the largest monthly decline since 2020. Annual inflation slowed to 3.5%, while core CPI held at 2.6%. The data came in well below expectations, significantly reducing the likelihood of a Federal Reserve rate hike at its late-July meeting. Details According to the latest data, the overall CPI posted a rare month-over-month decline, driven primarily by falling gasoline prices. The core CPI, which excludes volatile food and energy, remained at 2.6% year-over-year, slightly above the Fed’s 2% target but with clearly moderating momentum. ...
Minutes from the Federal Reserve’s latest policy meeting reveal significant division among officials regarding the future path of interest rates, with some advocating for maintaining restrictive policy to ensure inflation returns to target while others warn that overtightening could harm economic growth and employment.
The US added only 57,000 jobs in June 2026, far below the expected 150,000, triggering a stock market selloff and boosting expectations for Federal Reserve rate cuts.