“Chicago Fed’s Goolsbee highlights the ongoing ‘drip‑drip’ of tariff announcements as a major headwind for rate guidance — saying they muddy the inflation outlook and likely push back expected rate cuts. With CPI at 2.7%, clarity in trade policy ...

Fed's Goolsbee: We need some resolution on tariffs to understand the impact on inflation

> “Canadian housing starts surprised the market with a 0.4 % m/m rise in June, reaching an annualized pace of 283.7k units—well above the expected 259k. That signals resilience in Canada’s construction sector and takes some pressure off of ...

Canadian Housing Starts for June 2025

> “Big CPI print today at +0.3% m/m—the largest since January—likely pushed the dollar higher and slapped risk assets. This adds pressure on USD‑JPY toward 149.20‑149.40 and reinforces caution ahead of PPI later.”

US PPI Misses Expectations - Will We Ever See Tariff-flation?