BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Gold Prices Rebound on U.S.-Iran Peace Deal Optimism Despite Fed Rate Hike Signals 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
Asian Currencies Stabilize as Dollar Holds Near Two-Month High After Fed Hawkish Signal 
Gold Holds Gains as Oil Prices Retreat and Fed Decision Looms 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Citi's economic surprise index for the United States has dipped below zero as the data continuously points to a slowdown in the economy. Manufacturing PMI, non-manufacturing PMI, Non-farm payroll report, all points to a slowdown in the month of August.
The real question is whether this is a temporary phenomenon or beginning of a fresh slowdown in economic activity. Lot many indicators are pointing to the increased possibility of a recession ahead.
Chart courtesy - Soberlook.com
