Morning Economic Report 6-26-25

The dollar is under immense pressure with its index below 97 after the US President renewed his attack on the Fed chair and has hinted at selecting his replacement shortly. The CME FedWatch tool now shows that investors are pricing in a September rate cut. US Treasury yields are trending lower. European shares are supported by the Israel-Iran ceasefire and yesterday’s NATO summit where members agreed to spend 5% of their GDP on defense. US-India trade talks are stalling because of differing views on imports for auto components