On Saturday, September 6th, 2025, shoppers browse meat at a grocery store in New York, USA.
Bloomberg | Bloomberg | Getty Images
It was a great day for the market as all three major US stock indices closed at record highs on Wednesday.
According to the Labor Bureau, it shows that tariffs are likely to cause heat of inflation, despite US consumer prices growing every few months more sharply than expected in August.
While the monthly inflation reading overshot estimate from the Dow Jones survey was 0.1 percent points, both annual and annual core data appeared as expected.
Certainly, it’s not that comfortable. If the expected expectations are confirmed in an unpleasant scenario, the stab wound will not be taken away.
That said, inflation data came with another report showing weekly unemployment claims in the US have risen to the highest level in nearly four years.
“Today’s CPI report is busy with unemployment claims reports,” wrote Sheemashya, Chief Global Strategist of Principal Asset Management.
This reinforces the narrative that the US Federal Reserve will lower at least 25 basis points during the meeting next week.
But it’s important that the Fed not only celebrate the possibility of rate cuts next week, but also chew on what Chairman Jerome Powell has to say about the economy and monetary policy.
Things you need to know today
Our prices get hot. The consumer price index for August rose 0.4% that month, bringing annual inflation to 2.9%. Trump’s tariffs appear to be in the prices. Apart from that, the weekly unemployed claims jumped to the best of almost four years.
Japan receives a portion of its profits. US Secretary of Commerce Howard Lutnick said Thursday that the US would split as Japan returns from Tokyo’s investment in American projects. The $550 billion investment promise is part of Japan’s trade agreement with the US
China has warned Mexico to “think twice” about tariffs. The comment said on Wednesday that Mexican economist Marcelo Ebrard plans to raise tariffs on vehicles coming from Asia, particularly China, from the current 20% to 50%.
The all-time high for major US indexes. Thursday, S&P 500, Dow Jones Industrial Average and Nasdaq Composite Closed on fresh records. Asian technology stocks such as Sk Hynix, Alibaba and Baiduleapt on chip-related development on Friday.
(Pro) “Meme Stock” trends online. jpmorgan We have identified four prominent stocks on social media. Additionally, due to the stacking of short piles of retail investors and hedge funds, they are susceptible to sudden price fluctuations.
And finally…
US President Donald Trump and European Commission President Ursula von der Leyen announced the US-EU trade agreement and shake hands after a meeting at the Trump Turnberry Golf Club in Turnberry, Scotland on July 27, 2025.
Andrew Harnik | Getty Images News | Getty Images
China’s wealthy fade’s appeal is that the crackdown sends money to rival hubs
When the money laundering scandal called the $3 billion Singapore dollar ($2.3 billion) money laundering scandal (called the culprits welcomed by the region) took place in 2023, Singapore’s regulators and banks embarked on aggressive cleanups, introducing stricter rules and realigning wealthy clients.
“When the Fujian news broke, many of these wealthy Chinese people left. So literally, almost all… they go to Hong Kong in the Middle East,” said Ryan Lin, director of Bayfront Law in Singapore. Their departure has only accelerated since the incident.
– Lee Ying Shan
