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Eurizon's podcast

US macro data positive, markets still cautious

21 Jul 2025

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Eurizon Weekly, 21.07.2025. US trade tariffs are still at the centre of market dynamics: the as-yet unknown outcome of the negotiation phase is making investors cautious, although the background macro data and the quarterly earnings season are highlighting the impressive resilience of the American economy. The focus is now on the next decisions of the Fed, which will need to define future monetary policy. This week also sees the ECB meeting, which is expected to be an interim session, pending assessment of the advisability of further rate cuts. We’ll take a deep dive with Stefano Cucchi from Eurizon's Product Specialist & Macro Research team. Audio recorded on 21 July 2025.  

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