Next Week's Macro Outlook: New York Fed One-Year Inflation Forecast, New Tariff Red Lines Trigger "Final Battle" Mars Finance reports that on August 2nd, market expectations for a Fed rate cut surged due to the unexpectedly weak jobs report released on Friday. Trump's new tariffs will take effect on August 7th, with US tariffs of at least 10% on all other countries. Several countries, such as Switzerland and India, face punitive tariffs of 39% and 25%, respectively. Some countries may still be able to negotiate lower rates. Monday: 22:00, US June factory orders monthly rate; Tuesday: 21:45, US July S&P Global Services PMI final reading; Tuesday: 22:00, US July ISM Non-Manufacturing PMI; Thursday: 20:30, US Initial Jobless Claims for the week ending August 2nd; Thursday: 23:00, US July New York Fed one-year inflation forecast. https://t.co/AbCzPX7irp