Group 1 - The current global market is experiencing a rare "data war" with a significant cooling in the job market while inflation remains stubbornly high, creating a complex dilemma for the Federal Reserve Chairman Jerome Powell [1][2] - Recent economic data shows a notable divergence: non-farm employment has slowed significantly, with the unemployment rate rising to 4.1%, the highest since January 2022, while core CPI remains above 3.5%, far exceeding the Fed's 2% target [2] - Geopolitical tensions in the Middle East and Ukraine are escalating, adding further uncertainty to the global market and impacting supply chains for food and energy [3] Group 2 - Asset performance is becoming increasingly differentiated, with gold benefiting from safe-haven demand and interest rate cut expectations, surpassing $2400 per ounce, while the dollar's performance is mixed due to conflicting economic data [4] - Investment strategies suggest maintaining flexible positions to avoid overexposure in a contradictory data environment, increasing allocations to traditional safe-haven assets like gold and the dollar, and closely monitoring Federal Reserve signals for policy direction [5]

Group 1 - The core point of the news is the expansion of tariffs by Trump, which will not apply to goods shipped to the U.S. before a specific deadline, indicating a strategic approach to trade negotiations [2][3] - The new tariffs are expected to raise the average tariff rate in the U.S. to 15.2%, up from 13.3%, and significantly higher than the 2.3% rate before Trump's presidency [3] - The tariffs are part of Trump's broader strategy to reduce trade deficits and encourage domestic manufacturing, with ongoing negotiations with countries like Switzerland and India to potentially lower these tariffs [3][4] Group 2 - Trump is expected to announce separate tariffs on pharmaceuticals, semiconductors, and critical minerals in the coming weeks, creating ongoing uncertainty for businesses and investors [4] - The economic impact of the tariffs is becoming clearer, with key economic indicators showing deterioration, leading to concerns about rising costs for consumers and businesses, and potential inflation [5][6] - Manufacturing jobs have decreased by 37,000 since April, highlighting the negative impact of tariffs on raw material costs for U.S. factories [6] Group 3 - The recent economic data suggests that while GDP growth appears to accelerate, it is largely due to fluctuations in imports caused by tariffs, masking underlying slowdowns in business investment and consumer spending [5][6] - The political narrative around the tariffs is shifting towards a "data war," as the administration faces scrutiny over the accuracy and reliability of economic statistics [7][9] - The Federal Reserve is under pressure to respond to economic slowdowns potentially exacerbated by tariffs, raising questions about the politicization of economic data collection [8][9]