Jul 15, 2026 – 12.00pmWashington | Donald Trump, with an eye on November’s midterm elections, was spoilt for choice on Tuesday (Wednesday AEST) when it came to selling good news on the US economy.For starters, Wall Street’s five biggest investment banks reported bumper second-quarter profits, boosted by the SpaceX IPO and other blockbuster floats, along with market volatility and debt-loading to fund the artificial intelligence boom.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Trump’s inflation victory lap might be premature
A sharper than expected slowdown in consumer prices in June should not be considered “mission accomplished” says Fed chairman Kevin Warsh.







