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What We Are Following in the News

Dollar gets reprieve as US economy shrugs off tariffs. Currency is on track for its first monthly gain in 2025 after worst start to the year in decades. https://buff.ly/BkoVkwq

From Fortune: What if the Fed cut rates to just 1% like Trump wants? An analyst says it’s ‘ludicrous’ and may scare businesses. https://buff.ly/klBDXaz

US consumer sentiment rose to a five-month high in early July as expectations about the economy and inflation improved. The preliminary July sentiment index rose to 61.8 from 60.7 a month earlier, according to University of Michigan data released Friday. But in context, the figure remains below levels seen throughout last year as Americans continue to fear the eventual consequences of Trump’s trade war.

New tariff timeline spurs frontloading push at the Port of Los Angeles. The port expects to handle 950,000 TEUs in July, up from June's 892,000 TEUs as shippers bring in imports before Aug. 1, Executive Director Gene Seroka said. https://buff.ly/iuqKYFh

EU, Canada delay retaliatory tariffs against US. Meanwhile, Brazil announced its own countermeasures while Mexico remains confident it will reach a deal by Aug. 1. https://buff.ly/a5yr15g

Joblessness among recent college graduates globally has climbed above the overall unemployment rate for the first time on record. Looking at monthly US data, what stands out is that this rise is concentrated almost entirely among young American men. https://buff.ly/gEF8T8Q