A consequential week for the economy, a Fed meeting, tariff deadline, jobs report. It's the busiest week for earnings this quarter. Steve Leeman is with us.He's just gets excited on these Fed weeks. I I can see it on his face. It's like a Grateful Dead concert.Yeah, it's exactly the same, Joe. And there's drums in his face and all kinds of wonderful things. Um, look, it is a very big week.Uh we have the uh the Jolt survey and consumer confidence and of course the Fed survey comes out tomorrow. I know you're ...

Bridge, which has been under construction for it looks like a decade now. >> All right, Steve, stay right there. Because for more on Trump's visit and the future of the fed, let's bring in Roger Ferguson.He's former vice chairman of the Federal Reserve. He's also a CNBC contributor. Roger, it's great to have you on the significance of the video.We just saw that interaction between the president and the fed. Chair, your takeaway. >> Well, look, let's be very clear.It has very little to do with the building. ...

J P M O R G A N Global Economic Research 18 July 2025 Global Data Watch The rising cost of renovations Along with looming tariff deadlines, the ECB and FOMC meetings will be a focus for the coming two weeks. No policy action is expected at these meetings, and we do not anticipate strong guidance from either central bank. Growth and inflation dynamics, however, are expected to prompt additional easing that lowers global policy rates by roughly 40bp by year end. The easing cycle is already underway in EM and ...

💥BREAKING:FED’S POWELL DOES NOT COMMENT ON ECONOMIC OR MONETARY POLICY OUTLOOK IN WELCOMING REMARKS TO THE FED BANKING CONFERENCE. ...

Economic Outlook - The U.S. economy has shown resilience through the second quarter of the year, but potential stumbling blocks remain for the economic outlook [1][2] - Positive factors include the finalization of tax reform and potential deregulation, while significant risks include tariffs, trade uncertainty, worsening geopolitical conditions, high fiscal deficits, and elevated asset prices [2] JPMorgan's Position - JPMorgan tends to be cautious in its projections due to past crises that have caught many off guard [2] - The complexity of forecasting future economic conditions is acknowledged, with a suggestion that predicting inflection points can often be a waste of time [5] Federal Reserve Independence - The independence of the Federal Reserve is deemed critical for economic stability, with concerns that interference could lead to adverse consequences [10] - The current president has publicly criticized the Fed and its leadership, but has stated he will not attempt to remove the current chair, Jerome Powell [6][9]

Market Sentiment - Banco Santander Executive Chair Ana Botin expresses an optimistic view on Europe's economic prospects, contrasting with JPMorgan CEO Jamie Dimon's pessimistic outlook [1] Leadership Perspective - Ana Botin sees "only upside" for the European continent [1]

Economic Outlook - Singapore's financial sector is projected to experience slower growth in the coming years [1] - Trade and geopolitical tensions are creating uncertainty for Singapore's economic outlook [1] Industry Impact - The trade-dependent nature of Singapore makes it vulnerable to global economic headwinds [1]

Economic Outlook - Eastern European economies' outlook is deteriorating [1] - US tariff hikes are contributing to the deteriorating outlook [1] Institutions - The European Bank for Reconstruction and Development (EBRD) reports on the deteriorating outlook [1]

Market Performance - Nigerian stocks reached a record high [1] - The stock exchange recorded gains for the ninth consecutive day [1] Economic Outlook - The advance is supported by an improving economic outlook for Nigeria [1]

Macroeconomic & Trade Dynamics - China's Jan-June trade surplus reached CNY 4210 billion [1] - China's trade resisted pressure in the first half of the year [1] - Discussions are ongoing regarding trade tensions with the EU [1] - Potential meeting between Xi Jinping and Trump is anticipated [1] - Price wars in China are considered more dangerous than tariffs [1] Geopolitical Relations - Australia is pursuing 'practical cooperation' with China [1] - The relationship with China is considered 'very important' [1] - Focus on China-Australia ties [1] Economic Outlook - Examination of the global economic outlook [1] - Monitoring of US CPI data [1] Social Trends - 'Anti-Involution' is identified as a new buzzword in China [1]