Fed Chair Kevin Warsh delivers his first semiannual monetary policy address to Congress on July 14–15, with June inflation data scheduled for release just 90 minutes before the House hearing opens.
Category: Economy
Posted inEconomy
Japan factory prices hit three-year high at 7.1%, sharpening BOJ rate debate
Japan’s producer price index rose 7.1% year-on-year in June 2026, the fastest pace since March 2023, driven by energy and input costs that reinforce the case for further Bank of Japan rate hikes.
Posted inEconomy
Taiwan posts third-highest monthly export total on record as AI server demand surges 40%
Taiwan’s June exports rose 40.3% to $74.83 billion, the third-highest monthly total on record, as US demand for AI servers and semiconductors drove 32 straight months of year-on-year growth.
Posted inEconomy
IMF holds global growth at 3% as war shock and AI investment pull in opposite directions
The IMF’s July update kept its 2026 global growth forecast at 3% but raised headline inflation to 4.7%, citing opposing pressures from energy disruptions in the Middle East and AI-driven demand in technology-integrated economies.
Posted inEconomy
US trade deficit widens to $77.6 billion in May as imports surge
The US goods and services trade deficit expanded by $23 billion to $77.6 billion in May 2026, the Bureau of Economic Analysis reported on 7 July, driven by a sharp rise in imports and a fall in exports.
Posted inEconomy
UK-India free trade deal enters force July 15 with Scotch whisky tariffs halved
The UK-India FTA takes effect on 15 July, halving Indian tariffs on Scotch whisky from 150% to 75% and opening markets across pharmaceuticals, cars and financial services.
Posted inEconomy
Warsh and Lagarde bury forward guidance at Sintra as inflation stays too high
The heads of the Fed, ECB, Bank of England and Bank of Canada agreed at Sintra to abandon explicit rate signalling, leaving markets to trade on data rather than guidance.
Posted inEconomy
US declines to extend USMCA, forcing annual reviews of a $2 trillion trade pact
USTR Jamieson Greer announced July 1 that the US will not renew USMCA beyond 2036, opting instead for annual renegotiations that leave North American trade in permanent uncertainty.
Posted inEconomy
Euro area inflation eases to 2.8% in June as energy costs retreat
Eurozone headline inflation fell to 2.8% in June from 3.2% in May, driven by a 1.7% monthly drop in energy costs — the first deceleration since the Middle East conflict began stressing prices.
Posted inEconomy
US payrolls miss at 57,000 in June as participation hits a five-year low
June 2026 payrolls rose by just 57,000, less than half the 113,000 consensus, as US labour force participation fell to 61.5% — its lowest since March 2021.