US retail sales for July 0.5% vs 0.5% est. Ex Auto 0.3% vs 0.3% est.

Tariffs drive consumer prices up 2.7% YoY. Ground beef hits $6.34/lb, eggs drop 13%. Traders watch inflation.

Japan's Topix hits record high on strong GDP! Banks surge 9.4%, SoftBank jumps 6.4% on AI hopes. BOJ rate hike speculation fuels yen.

AI's impact: JPMorgan sees jobless recovery as AI cuts white-collar roles, halving new grad openings.

Ethena's USDe faces 1,250% risk weighting from S&P; supply nears $11B amid high yields.

Economists predict a Sept Fed rate cut, but traders price in more. Inflation, tariffs & jobs data key. Fed independence questioned.

US equity funds see $8.77B inflow on rate cut hopes & tariff truce. Tech leads with $3.35B, Apple boosts sentiment.

Wholesale inflation hits 3.3% YoY in July, fastest since June '22. Tariffs may force firms to pass costs, risking consumer price hikes.