Morning Economic Report 8-25-25

https://www.youtube.com/watch?v=kf8MUJMWdUI&t=6s What's up everyone, Darren here from the CME trading floor. It's going to be a quiet one today. The UK is having a bank holiday today, so not expecting too much to be going on. As you come in you'll see S&P futures are down small, like 16 points, nothing too much. Rates are slightly higher.

SOFR's backing off about four basis points this morning. We don't have too much on the ticket due to UK holiday

Not much there but we do have new home sales coming out around 9 o'clock and 9.30 we have Dallas Fed manufacturing, building permits as well. Other news, Bitcoin was a bit on the back cut, came down below 111 after apparently some big senders over the weekend.

There's been a bit of a call for people like UBS getting asked into the Clarity Act and signing into law which would see more widespread adoption of digital assets. Looking forward to the week. We've got Nvidia earnings on Wednesday and the PCE out on Friday which is Mr Powell's favourite inflation gauge.

So other than that, not too much. You should see a very light session trading volatility, pretty much unchanged. SOFR's up small. S&P hold market slightly lower as you come in with the others Bitcoin and Coin and Core.

Good luck everyone as always and happy day travel.