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“Inflation was broadly in line with expectations, as tariffs continue to be largely absorbed within profit margins. This gives the Fed the room to respond to the weaker jobs backdrop and cut interest rates from September.”

The move sparked a rare moment of unity across India’s political spectrum. “Trump’s 50% tariff is economic blackmail—an attempt to bully India into an unfair trade deal,” said Rahul Gandhi, leader of the opposition Congress party.

The CEO of Voya says the company will “focus on the discipline of margin improvement over any type of premium growth.”

Exports fell in June, but imports contracted even more.

“Issuers are very much incentivized to announce deals today to take advantage of lower rates. The market is fully open.”

The Bureau of Labor Statistics describes itself as “independent” and “non-partisan.” Economists and statisticians say this impartiality is key to the public and market’s trust in the data, as trillions of dollars can trade on the numbers at any given time.