Dollar Bounce Is Short-Lived After Trump Tariffs Move Into Limbo

Published on May 29, 2025

The long-term bearish case for the dollar remained intact after a court ruled that the vast majority of President Donald Trump’s global trade tariffs are illegal, amplifying uncertainty over the US economic outlook.

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Q1 GDP Second Estimate: Real GDP at -0.2%, Higher Than Expected

May 29, 2025
The U.S. economy contracted for the first time in three years to start off 2025. The BEA's second estimate of real gross domestic product showed economic growth decreased at an annual rate of 0.2% in Q1 2025. The latest estimate was higher than the -0.3% forecast and lower than the Q4 final estimate of 2.5%.

If Anything, Bond Markets are Returning to Normal

May 29, 2025
A lot of people are worried about the level of US interest rates. “I think we should be afraid of the bond market,” billionaire investor Ray Dalio said last week.