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Weekly Economic Report 8.15.25

  • its029
  • 7 days ago
  • 1 min read

There was a lot of data released this week: CPI, not good; PPI, very bad; import prices, a tad high; retail sales, strong due to revisions; industrial production, soft (who cares); and another look at unemployment via the continuing claims data, flat for ten weeks. However, in the current context the most important was the tariff revenue collections for July – which came in at $29.6 billion, $20.9 billion more than in July 2024. The June figure was $20.4 billion above its year ago comparison. That seems to confirm the widespread estimate that tariffs will raise about $250 billion more each year ($2.5 trillion in ten years according to CBO, $2.7 trillion says the Budget Lab at Yale). Secretary Bessent forecast $300 billion for the year, but said he may have to revise that up (he did get a late start).



















































































 
 
 
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