The US economy added 151,000 jobs, but the unemployment rate rose to 4.1%. This is a key economic indicator for the Federal Reserve, indicating a slowdown in the momentum.

Additionally, the Bureau of Labor Statistics reported that Elon Musk’s Department of Government Efficiency (DOGE) laid off 10,000 federal employees.

With inflation not easing as hoped, these two data points present a troubling scenario that goes against the idea of cutting interest rates.

The tariff situation is undoubtedly impacting the US economy, complicating the assessment of future economic repercussions. Following recent decisive actions by the US president regarding tariffs, notable changes have emerged globally.

China was not the only country to respond quickly to the US’s trade announcements. Both the European Union and the UK are also strategizing counter-measures.

It has been announced that the newly elected Chancellor of Germany, after the elections, will be granted fiscal space to invest in defense and infrastructure, potentially increasing the debt-to-GDP ratio by about 1% beyond the established limit.

This will allow the Chancellor to borrow Euro 500 billion, about US$ 525 billion. The European Commission has proposed a Euro 150 billion loan package for EU governments to enhance military capabilities in response to concerns about Russia. This has sparked some optimism for........

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