The Bureau of Economic Analysis confirmed 2.1% annualised GDP growth in the first quarter of 2026 on June 25, a rebound from Q4’s 0.5%, even as CEO surveys signal gathering headwinds ahead.
Tag: Federal Reserve
Posted inEconomy
US May PCE hits 4.1%, highest since April 2023, as core inflation accelerates
The Fed’s preferred inflation gauge rose 4.1% year-on-year in May 2026, the fastest pace in over three years, while core PCE climbed to 3.4% — its highest since late 2023.
Posted inEconomy
Fed holds rates and removes forward guidance in Warsh’s hawkish debut
At his first FOMC meeting on June 17, Kevin Warsh held rates at 3.5–3.75% and stripped forward guidance, with nine of 18 officials now projecting at least one rate hike in 2026.
Posted inEconomy
Warsh holds rates but nine officials signal a 2026 hike, sending stocks lower
The Fed kept the funds rate at 3.50–3.75% on June 17 in Warsh’s first FOMC meeting as chair, but a hawkish dot plot rattled markets and pushed the S&P 500 down 1.2%.
Posted inEconomy
The Iran deal’s oil shock reversal tests central banks on both sides of the Pacific
With the US-Iran ceasefire removing the energy shock that has driven global inflation since February, the Bank of Japan and the US Federal Reserve face their pivotal June decisions in a changed landscape.
Posted inEconomy
Markets price a Fed hike for the first time as Warsh chairs his June 17 FOMC debut
For the first time in two years markets are pricing a Fed rate hike as Kevin Warsh chairs his first FOMC meeting on June 16–17, with US inflation at 4.2% and no cut bets remaining for all of 2026.
Posted inEconomy
US inflation hits 4.2% in May as energy prices surge 23% year-on-year
Energy costs drove US headline inflation to 4.2% in May—the fastest pace since April 2023—raising the stakes for the Federal Reserve’s June 17 decision on interest rates.
Posted inMarkets
Gold erases 2026 gains as US jobs shock forces rate-hike bets
Gold fell 3.3% to $4,340 on June 5, hitting its lowest point of 2026, after May nonfarm payrolls added 172,000 jobs — more than double forecasts — forcing investors to reprice Federal Reserve rate expectations higher.
Posted inEconomy
US adds 172,000 jobs in May, more than doubling forecasts
The US economy added 172,000 jobs in May 2026, more than doubling economist forecasts of 85,000, while wage growth of 3.4% lagged inflation for the ninth consecutive month.
Posted inEconomy
Thirty-year Treasury yield hits 5.19%, a level last seen before the 2008 crisis
The 30-year Treasury yield hit 5.197% on May 19, its highest since July 2007, with Citi now flagging 5.5% as the next key level for bond investors to watch.