Markets prudent due to tariffs and macro data
This week saw US price lists continue to gain ground, while the rest of the global price lists remained slightly below previous levels: on the one hand, the strength of the US macro environment is supporting the US indices, while on the other, the prospect of the expiry of the extension for US reciprocal tariffs on 9 July, is inciting greater caution among investors.
In the US, the tax reform, expansionary but not excessive, is being implemented in an economic context that, although it has slowed down compared to last year, still remains very solid.
The mix between the strength of the US economy and the level of consumer prices remains the main focus for the Fed.



























































































































































































































































































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