Global Macro
Eurozone June Macro: Policy Eases, Risks Remain
The euro has seen positive economic data this month, with GDP growth rate around 0.6%, unemployment rate of 6.2%, and inflation at 1.9%. Services and Manufacturing PMIs were lower than anticipated. On June 5, 2025, the European Central Bank (ECB) adjusted 3 key interest rates downward by
Squirera Research
Macro Highlights June 2025 - USD Under Pressure as Fed, Tariff, and Growth Risks Build
US dollar declined 3.27% in June 2025, 1.8% drop this week alone, driven by weaker than expected economic data and a high tariff uncertainty. On June 18, 2025, while 2 rate cuts are expected, the fed expressed uncertainty on the effects of the tariffs with regards to inflation
Squirera Research
Fed Holds Rates Steady at 4.25%–4.5%, Signals Cuts Amid Tariff Concerns
On June 18, 2025, the Fed decided to maintain the federal funds rate unchanged from the previous year, between the range of 4.25% and 4.5%. The Summary of Economic Projections (SEP) indicated cuts over the years, lowering to 3.9% by Q4, 2025, 3.6% in 2026, and
Squirera Research