With inflation starting to cool and consumer spending picking up at a more favourable rate, there are improved indicators of the US economy’s ongoing progress. The increase in home sales for the fourth consecutive month has further bolstered confidence.

Last week’s economic data presented a balanced view of the economy, reinforced by the Beige Book, which confirmed rising economic activity, a stable labour market, and stable inflation. Initial jobless claims dropped more than anticipated on Thursday.

Additionally, US retail sales were unexpectedly robust, rising by 0.6 percent compared to the expected 0.2 percent. This suggests that the Federal Reserve may avoid aggressive rate cuts and likely won’t take action this month, although the market is correctly pricing in a rate cut in the months to come.

On the global front, it is important to consider recent developments. A variety of issues political, financial, and trade-related have continuously disrupted the global economic system, leading to concerning conditions for world economies and investors.

These recurring disruptions have unsettled structural, fiscal, and monetary systems, contradicting established principles, with geopolitical factors often to blame. Currently, there is no indication that these issues will resolve in the near to medium term, as political........

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