Last week was a roller coaster ride for the US economy. From a rare warning sign on the labor market to a surprising job report, the week was filled with unexpected twists. The gold market saw a potential rise, while the Federal Reserve received criticism from President Donald Trump. In the midst of all this, the struggles of the middle class were emphasized by a reputable economist.
Here is a summary of the top stories.
Labor market sends a warning signal
The American labor market shows a relevant sign, because wage lists in the private sector fell for the first time in more than two years in June. This has expressed concern about the health of the economy and increased speculation on the interest rate letings of the federal reserve. Private employers lowered 33,000 jobs last month, according to the ADP National Employment Report.
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JPMorgan’s bet on gold
Despite US shares that trade on all time, highlights, Jpmorgan‘s Middle Year Outlook suggests a potential Stormbrewing that gold could see rise, weakens the dollar and reset the markets in the second half of 2025. The investment bank predicts the S&P 500 to end the year at 6,000, which implies a modest pullback of the current Niveaus.
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See also: Apple has the potential to crush the smart glasses of Meta’s Ray-Ban, says Ming-Chi Kuo, but the technology giant has been ‘surprisingly slow’
Trump’s attack on Fed Chair
President Donald Trump escalated his criticism of chairman of the Federal Reserve Jerome PowellHe accused him of the interest rates to keep it “artificially high” and insist that the benchmark must fall to “1% or 2%”. Trump claimed that Powell’s policy forces the government to refinance about $ 9 trillion of debts against criminal costs.
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American middle class struggles
Economist Richard Baldwin argued that the American middle-class wrestings have less to do with globalization and more to do with a chronic failure to offer adequate social policy. Baldwin is of the opinion that, in contrast to other advanced economies, the US has not implemented the policy needed to dampen economic shocks.
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Surprising Jobs -job report
The official American job report for June yielded a surprisingly sharp change of darkness that was caused only 24 hours earlier by ADP -Privé -wage list data. Non -agricultural wage lists increased by 147,000 in June, the strongest reading so far in 2025, against an upward revised 144,000 in May and well above the expectations of economists.
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This story was generated with the help of Benzinga Neuro and edited by Ananya Girola
Photo: Miha Creative via Shutterstock
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