US Consumer Credit Change (Mar) 24.86B vs. Exp. 12.5B (Prev. 9.48B)
The significant rise in US consumer credit change for March at $24.86 billion, well above the expected $12.5 billion, indicates robust consumer borrowing.
US President Trump says a promise was made that the EU would deliver their side of the deal and, as per agreement, cut their tariffs to zero; however, the EU has until the July 4th, or tariffs would immediately jump to higher levels
Member of the Iran's Parliament's National Security Commission says in my opinion, Iran's security equation regarding the Iraqi Kurdistan Region will also include the UAE, Fars reports
US Consumer Credit Change (Mar) 24.86B vs. Exp. 12.5B (Prev. 9.48B)
Tasnim reports that some sources say that some of these sounds are related to IRGC naval operations to warn some ships about unauthorized passage through the Strait of Hormuz
Chinese officials say they want a resolution to the Iran war before Trump’s trip to Beijing next week, Bloomberg repoRts
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This could suggest strong consumer confidence and spending momentum, potentially impacting inflation and shaping monetary policy discussions going forward.
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