Part 10/12:

A Fed governor's recent comments suggest that, minus tariffs, inflation measures like CPI and PCE are near 2%. Market participants anticipate two more quarter-point rate cuts this year, with expectations for continued easing into the next year, influenced by concerns about economic growth and employment.

Global Power Plays and Diplomatic Movements

Presidential diplomacy is viewed as critical, with Trump’s upcoming meetings with Putin, Kim Jong-un, and regional leaders possibly marking a turning point. The potential resolution or easing of Russia and China’s conflicts could lead to decreased tensions and greater economic stability.

Energy and Oil Markets