1 CIBC: The #FederalReserve #FOMC unanimously decided to raise the benchmark federal funds rate by 25 bps to 3.75% to 4% range. The statement frames this hike explicitly aimed at getting “a timelier return to the Committee’s 2 percent goal.” 🧵
#Fed #usecon

2 CIBC: The acceleration on headline was driven largely by a rebound in #gasoline #prices as expected. The core measure, rose 0.3% after a 0.2% monthly pace in July.
#CPI #Inflation #usecon

1 CIBC: A hotter than expected core #CPI reaffirms the odds of a #Fed hike at the next #FOMC meeting. Although total CPI came in line with consensus at 0.4% m/m in August, core CPI surprised on the upside at 0.3% (consensus: 0.2%). 🧵
#inflation #usecon #USEconomy

Everyone CURRENTLY uses USA dollars 💵 … until the moment they don’t … 🍷 #AusEcon #USEcon

1/8 🇺🇸 SCOTT BESSENT: INEPT, INCOMPETENT, DISHONEST, SMUG, & CRAVEN -- TRUMP CERTIFIED GRADE 'A' 🇺🇸

With national debt topping $40tn and bond yields surging, the US Treasury Secretary faces mounting turmoil over tariffs and Iran.

Source: The Guardian
#USPol #Geopolitics #CdnPoli #USEcon #Bessent

1 BMO: After splurging last quarter, #American #consumers pulled back in July. #Retailsales unexpectedly fell 0.6%, and not just due to a reversal at #autodealers and #servicestations. Excluding the latter two categories, sales slipped 0.2%. 🧵
#usecon

2 CIBC: The #core #CPI measure grew 0.2% in July, also in line with expectation. #Commodities less food and energy rose 0.2% after two consecutive monthly declines. #Shelter increased by 0.1%, as it did in June.
#usecon #inflation

1 CIBC: No surprise today with the July US #CPI release in the US. Headline #inflation rose 0.1% in July, in line with consensus expectation. The tame headline increase was helped by lower #gasoline #prices. 🧵
#inflation #usecon

📈 GDP: Real GDP up 2.1% Q1 2026.
👷 Jobs: 254K jobs added, unemployment 4.1%.
💵 Income: Personal income up 0.7% May.
📊 Inflation: CPI above 4% May.
#USecon #GDP #Jobs #Income #Inflation
#USecon #GDP #Jobs #Income #Inflation
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President Trump refuted reports of stalled US-Iran talks, stating on Truth Social that "conversations between us have been going on continuously." Iran's Tasnim news agency previously reported paused dialogue. #USEcon #News

2 But scale cuts both ways. As some #firms grow and others get disrupted, we will over time see a meaningful impact on the US #labormarket.
#AI #usecon

The US Bureau of Economic Analysis real GDP second estimate for 2026 Q1 came in at 1.6% (annual rates). It was well up from the weak 2025 Q4 performance but still considered slow by recent US growth standards. #USecon

CIBC: The US April
#producerprice #data provided a shockingly high upside surprise, but the details look less scary. The final demand #price #index surged by 1.4% m/m & the ex. food/energy index jumped by 1.0% m/m, relative to consensus expectations of 0.5% and 0.3%, respectively #usecon #inflation

1 Bloomberg: The New York Fed’s Economic Heterogeneity Indicators show #retailspending in the US driven by #high-incomehouseholds earning more than $125,000 per year. 🧵
#usecon #USEconomy #KShapedEconomy