Morning Economic Report 5-30-25

Bourses are the scene of uncertainty after appeals court keeps tariffs temporarily in play against CIT ruling. Stories on how Administration will form a new tariff regime if the appeal fails means APAC, Europe and US futures experience mixed progress. US Treasury Secretary commented Sino/US trade talks are a bit stalled. Depending on what you read, Powell's meeting with Trump was anything from a catch up to a scolding. FED issues statement on non-partisanship and objectivity. All markets behave in tired fashion and eye the US PCE. DAX +0.71%, CAC +0.20%, FTSE +0.45%, Euro STOXX600 +0.66%. The appeals court ruling has USD giving back gained FX ground, DXY 99.58. Gold 3297. BTC $105,602.