Wolf Money(world market review 25-31 Aug 2025)
(Image credit: traderlion.com) Market Summary 25-31 Aug 2025 *USA* + US appeal court rules most of Trump’s tariffs as illegal, allowed the tariffs to remain in place through Oct 14; case now likely proceed to the highest US court + US economy grew 3.3% in Q2 at annualised pace, better than initial 3% estimate -US consumer confidence slid 6% MoM in Aug at 58.2, down 14.3% on annual level + US consumer spending up 0.5% to US$20.802 trillion in Jul, sharpest increase in 4 mths + US personal income rose 0.4% MoM to US$25.905 trillion in Jul, 2nd consecutive monthly increase ± US PCE price index up 0.2% MoM in Jul, following a 0.3% rise in Jun -US core PCE prices rose to 2.9% YoY in Jul, highest since Feb; up 0.3% MoM -US year-ahead inflation expectations at 4.8% in Aug, 5-year outlook revised to 3.5% from initial 3.9% estimate -US global trade deficit in goods at US$103.6bn in Jul, vs expectations of US$89.5bn: advance estimate -US wholesale invent...