Wolf Money(world market review 27 July - 02 Aug 2026)
(Image credit: NDP 2026; Happy National Day 2026) Market Summary 27 Jul - 02 Aug 2026 *USA* ± US GDP grew 1.5% annually in Q2, vs 2.1% in Q1, below expectations + Fed holds rates unchanged at 3.5% to 3.75% in 9-3 vote -US 30-year Treasury bond yield surged to >5.2%, highest in 19 years + US core PCE price index rose 0.1% in Jun; headline PCE declined 0.1% for the mth but remained elevated at 3.7% YoY -US Conference Board Consumer Confidence Index fell to 90.8 in Jul, vs 92.2 in Jun, below expectations + US Consumer Sentiment Index surged 11.5% MoM in Jul to 55.2 in Jul, highest level since Feb + US inflation-adjusted personal spending rose 0.4% MoM in Jun + US personal spending rose 0.3%, personal income up 0.2%, weaker than expected -US wholesale inventories rise by 0.3%, narrowly missing forecasts ± US Treasury intervenes to support yen after Japan steps in: FT + US Treasury removed 84 companies and individuals from its sanction’s lists...