Econ Yap

An unfiltered look into The Economy.

[Econ Yap @EconYap]

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Four Senate Democrats urged the party to confront corporate interests with an economic populist agenda.

They argue this could show workers the party will change the system, not only oppose President Trump.

Their examples cover agriculture, youth sports and Social Security taxes

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https://t.co/zmlT6FSXhg

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Ghana’s inflation slows to 4.6% in July from 5.3% in June.

That is below a 5.8% forecast.

Food inflation eases to 3.1%

Imported-goods inflation falls to 2% as the exchange rate stabilizes.

This may let the central bank keep its 14% rate steady as it monitors energy risks.

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https://t.co/IB4VNM31m6

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US CEO confidence partly recovered in July but remains below its prewar level.

Uncertainty leaves many companies reluctant to hire or fire, weakening a key route from confidence to growth.

Only 26% saw the economy worsening, down from 47% three months earlier.

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https://t.co/lL5cCOuNK7

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US labor's share of national income fell to a new low this year.

Workers get less of the economy's income through pay and benefits, while capital returns remain high.

The gap signals weaker bargaining power.

Researchers say AI may be adding pressure to wages.

[AmerEcona @AmerEcona]

WHOLESALE SALES (JUNE)
$794.1 BILLION
MOM: -3.0%
YOY: +14.1%

WHOLESALE INVENTORIES (JUNE)
$944.7 BILLION
MOM: +0.2%
YOY: +4.2%

WHOLESALE INVENTORIES/SALES RATIO (JUNE)
1.19

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https://t.co/q7uBY9Ruqg

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Rep. Ro Khanna’s proposal would let US communities reject or restrict new data centers.

It aims to shield ratepayers and water supplies as AI facilities consume large amounts of electricity and water.

The push signals rising political resistance to AI infrastructure costs.

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https://t.co/B2UK6TUKCP

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President Trump has repeatedly called Fed Chair Kevin Warsh, departing from recent precedent.

The talks covered Iran and AI.

Trump has not raised interest rates.

Frequent access may fuel concern over Fed independence as markets weigh Warsh's policy signals.

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https://t.co/lXTWqfsO2L

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EPI estimates President Trump's deportation push will cost $268.9 billion, or $2,358 per taxpayer.

That sum could instead fund SNAP for over 118 million additional recipients across 2.5 years.

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https://t.co/btXAV1QyW7

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US tariffs on China are steering manufacturers to Indonesia’s Batam.

Tax breaks, young workers and nearby Singapore attract firms and ease exports.

Batam’s exports have more than doubled since 2017 to $19.6 billion.

Its economy grew 6.8% in 2025 versus Indonesia’s 5.1%.

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https://t.co/R2ZUAB8SZ8

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A US judge dismissed a proposed class action accusing 26 nuclear plant operators and two consultants of suppressing worker pay.

They found the claims untimely and said wage data sharing did not show an agreement to fix compensation.

The plaintiffs may amend most claims.

[AmerEcona @AmerEcona]

INITIAL JOBLESS CLAIMS
199,000 (+1,000 FROM PREVIOUS WEEK)

CONTINUING JOBLESS CLAIMS
1,801,000 (+24,000 FROM PREVIOUS WEEK)