Morning Economic Report 6-25-25

Economy update The NATO summit in the Hague is expected to result in the unequivocal endorsement of raising defense spending to 5% of the GDP of member countries. In return, the US President reassured his partners of his commitment to protect member states. Expectations of an impending Fed rate cut are on the rise after a spate of disheartening US economic data, including consumer confidence. Equity investors remain cautiously optimistic; the dollar index is edging higher and US bond yields are close to their lowest in the last two months.