As pressure mounts from Trump-aligned voices, doubts over Jerome Powell’s future expose deeper risks.

Washington stated that initial jobless claims in the United States fell slightly last week, while the number of continuing claims climbed to the highest level in over two years, indicating a labor market that is gradually cooling.

The US economy added 147,000 nonfarm payroll jobs in June, while the unemployment rate remained unchanged at 4.1%, according to the Bureau of Labor Statistics. The report indicates steady, moderate labor market growth, with gains concentrated in state government and healthcare, offset by ongoing cuts in federal government employment.

The Manufacturing PMI was 49% in June, indicating contraction for the fourth straight month but with little improvement.

Major central bank leaders signaled a patient and cautious approach to monetary policy during the 2025 ECB Central Banking Forum in Sintra, Portugal, reflecting an environment of stabilizing inflation but lingering economic uncertainty.

Chicago's Business Barometer dipped to 40.4 in June, signaling continued economic contraction. Despite a rise in new orders, falling production, weak employment, and surging costs weigh on sentiment.

New data from the UK continues to push market dynamics.

The U.S. economy unexpectedly contracted in the first quarter of 2025, with real GDP falling at an annual rate of 0.5%, according to the final estimate from the Bureau of Economic Analysis.