The very controversial US July 2025 jobs report presented signs of red-flag that the US economy is inching closer to a disatsrous recession. Donald Trump may have just succeed in torpedoing the US economy with his self-proclaimed victories with the trade negotiation and imposing tariffs with a base line of at least 10% against global trading partners and increasing import costs of materials and finished goods that its own US business owners will have to eventually pass through to US consumers. Inflation will certainly soar and given the worsening US job markets, Powell will need to make a difficult choice of whether to increase interest rates to stop inflation or cut interest rates to reignite the US economy engine.
The reduction in purchasing power of US consumers will not just have a drastic impact back in US but also affect global economies such as Singapore which depends a lot...