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Global

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Lindy Briefing

THE SIGNAL: The Asian Development Bank (ADB) has sharply raised India's 2025 growth forecast to 7.2% due to a consumption boost. The US Federal Reserve is projected to end 2025 with a quarter-point rate cut, as indicated by Jerome Powell's address following the final rate cut. The World Gold Council (WGC) reports a global surge in illegal mining driven by a gold rally.
THE FRICTION: While the ADB projects strong growth for India, Capri Global anticipates 35-40% growth in Q3, suggesting varying levels of optimism about the immediate future versus the longer-term forecast. The impact of the Fed's rate cut is not specified, leaving the overall economic effect open to interpretation.
THE NOISE: Google's extended repair program for Pixel models, while relevant to consumers, is unlikely to have a significant global economic impact. The headline about ranchers using prescribed burns in South Dakota, while environmentally relevant, is geographically limited and doesn't represent a global trend.
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