ECB Hits Pause--But This Data Could Jolt Markets Soon
That's exactly what happened last week. After eight rate cuts in twelve months, the ECB hit the brakes. President Christine Lagarde signaled the central bank is in wait-and-see mode. Inflation is hovering near target, and the economy isn't veering off course. Meanwhile, spending expectations edged down to 3.2% from 3.5%, and income growth held steady at 1%. Mortgage rate expectations dipped slightly to 4.3%, while home price outlooks nudged down to 3.1%.
There was one more optimistic twist: labor market sentiment. Consumers now expect the unemployment rate to drop to 10.3% in a year's timea modest but meaningful shift. For investors, especially those watching rate-sensitive names like Tesla (NASDAQ:TSLA), the broader message is clear: the ECB isn't rushing into its next move. That pause could give equities some breathing room, especially in sectors that thrive when rates stabilize.
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
The president fired the commissioner of the Bureau of Labor Statistics on Friday after the agency published a negative jobs report.
Former Treasury Secretary Larry Summers had choice words for President Donald Trump after he fired his stats boss over an abysmal jobs report. Trump fired Erika McEntarfer, the commissioner of the Bureau of Labor Statistics (BLS), on Friday after the agency released its July jobs report showing that the economy added a mere 73,000 jobs—far below the White House forecast of 109,000 jobs. BLS also revised its job numbers down for May and June by 258,000. Trump accused McEntarfer of having 'RIGGED' those numbers 'to make the Republicans, and ME, look bad.'
Yahoo
23 minutes ago
- Yahoo
Could Buying a Tesla Still Save Car Owners Money in 2025?
Tesla may have been responsible for ushering in the era of widespread electric vehicle (EV) adoption, but it certainly hasn't been resting on its laurels. The company has taken some hits over the year with vehicle sales on the decline. If you factor in the controversial public figure that is the company's CEO, Elon Musk, then you know investing in a Tesla has become a hot button issue. Find Out: For You: Still, Tesla remains a leading name in the EV space, renowned for its performance and strong warranty options. For those interested in making the switch to electric, there's a lot to consider when it comes to whether or not a Tesla can save you money. EV Tax Credits vs. One 'Big Beautiful Bill' Act President Donald Trump signed an executive order to eliminate the federal EV mandate at the beginning of 2025, though some EV tax credits remained in place. However, they now have an expiration date for vehicles purchased after September 30, 2025. This change is due to the recent passage of Trump's tax reform, known as the One Big Beautiful Bill (OBBB), which accelerates the end date of this incentive. If you are still privy to the tax credit, here are some key takeaways: For the first half of the credit ($3,750), a new EV needs to meet certain restrictions regarding the vehicle's critical battery minerals. A certain percentage of the minerals need to have been sourced from the U.S. or any country with which the U.S. holds a free trade agreement. The second half of the credit kicks in if a certain percentage of battery components were manufactured or assembled in those same countries. Finally, to be eligible for any credit, any new EV or plug-in hybrid must see final assembly take place in North America. Concerning the Tesla Cybertuck, those who purchase a new model (single- and dual-motor models) can expect the full $7,500 federal tax credit until it expires. All trim packages of the Tesla Model 3 and Model Y are eligible for the full tax credit as well, as is the all-wheel-drive Tesla Model X. Read More: Tesla's Referral Program Can Help Save Money Per CleanTechnica, those interested in driving away from a Tesla showroom with a brand-new EV could save a bundle by taking advantage of the company's referral program. By utilizing a referral code, buyers can shave $500 off a Tesla Model Y — excluding the Launch Series — or $1,000 off the purchase of a Cybertruck, Model S or Model X. Those interested in the Model 3 can save $2,500 in this fashion. As a bonus, the referrer also receives a $500 credit to spend with the automaker. Save Money on Total Gas or Fuel As TopSpeed detailed, drivers who purchase a 2025 Tesla Model Y long-range rear-wheel drive could save nearly $5,000 on gas over five years. You can also see savings in other models. If you compare the Tesla Model S to the relatively fuel-efficient Toyota Camry, you may find cost savings that a Tesla driver could see. For example, if a Camry were driven 15,000 miles a year with an average gas price of $3.39 per gallon, a driver would spend $1,589 in gas. With a Tesla Model S, a driver would spend only $555 due to the lower electric charge cost of $0.037 per mile. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on Could Buying a Tesla Still Save Car Owners Money in 2025? Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Washington Post
25 minutes ago
- Washington Post
Trump economic adviser defends firing of labor official after soft jobs report
President Donald Trump's longtime economic adviser on Sunday defended the president's decision to fire the top labor official responsible for compiling jobs numbers, but did not provide evidence to support claims that the latest figures were rigged in a revised report that revealed a labor market that was weaker than anticipated.
