Introduction:

In today’s episode, we unpack three critical developments shaping the global economy. First, US inflation has reached 3%, the highest since January, yet this softer-than-expected figure fuels Wall Street optimism about an imminent Federal Reserve rate cut. We’ll explore why the Fed views this 3% level as a sigh of relief and what it signals for future interest rate moves. Next, over 20 nations supporting Ukraine have pledged to block Russian energy supplies, but the contentious debate over seizing €140 billion in frozen Russian assets raises concerns about destabilizing global financial norms and the future of US dollar dominance. Finally, we delve into the collapse of US-Canada trade talks sparked by a controversial political ad featuring Ronald Reagan, examining how this dispute ties into a pivotal Supreme Court case and its broader implications for presidential tariff powers.

Content and Timestamp:

00:00:33 US Inflation Hits 3% Amidst Tariff Pressures, Bolstering Rate Cut Expectations

00:06:01 Ukraine Allies Vow to Choke Russian Oil & Gas Market Amidst Disappointment Over Military Aid

00:10:48 Trump Halts Canada Trade Talks Over Reagan Tariff Ad Dispute

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