US Dollar Gains as Iran Tensions, Fed Rate Hike Bets Rise 
Singapore Says One-Third of U.S. Exports Hit by New 12.5% Tariff 
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
US Dollar Falls as Weak July Jobs Report Dents Fed Rate Hike Bets 
US Stock Futures Hold Steady as Iran Hormuz Deal and Earnings Shape Market Sentiment 
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
