U.S. Core Inflation Hits Six-Month High in July

The transcript discusses the current state of the US economy, highlighting the strength of the US consumer despite some slowing in economic indicators. It notes that while employment indicators are slightly dipping, they remain at high levels. The discussion shifts to concerns about economic momentum, particularly the slowing of CapEx and its impact on corporate confidence. The transcript also highlights the risks associated with corporate leverage, especially in the US, and the potential for nonlinear impacts on corporate credit and recession risks.

What potential impact could increasing tariffs have on corporate confidence according to the speaker?

What is the speaker's perspective on the timing of potential non-linear impacts on corporate credit outlook?