Economic forecasts mix tariffs and growth at summer standstill
The Fed keeps a wait and see stance amid tariff uncertainty and job growth. June added 147000 jobs while wage gains beat inflation, but hiring cooled this year. Markets rebounded after China talks opened. tariffs pause hangs over future growth and inflation risks.
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One Big Beautiful Bill Analysis on Tax and Spending
The bill signed by President Trump expands tax cuts and raises deficits with about 4.5 trillion in tax breaks while preserving first term rate reductions. It includes SALT cap changes, expanded deductions, and credits, plus billions for border security and defense. Musk riffs on a new America Party as Congress pushes the package through.
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