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: inflation
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
Bank of England holds at 3.75% as two MPC members push for a hike
The Bank of England’s MPC voted 7–2 to hold rates at 3.75% on 18 June, with two dissenters backing an immediate hike to 4% as UK inflation stays at 2.8%, nearly a full point above target.
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
UK economy slips 0.1% in April as Iran war hits services and energy output
UK monthly GDP fell 0.1% in April, the first contraction since August 2025, as energy output dropped and businesses cited the Middle East conflict as a drag on turnover.
Posted inEconomy
Bank of Japan lifts rates to 1%, highest since the mid-1990s
The Bank of Japan raised its benchmark rate to 1% in a 7-1 vote on Monday, the highest since September 1995, as Iran war energy costs push Japan’s inflation above target.
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 inMarkets
Gold falls to a four-month low as Iran deal progress drains the war premium
Spot gold slid to around $4,072 this week, extending an 11% one-month decline, as Iran deal progress deflated safe-haven demand while oil-driven inflation kept the Fed hawkish.
Posted inEconomy
UK May retail sales post sharpest annual rise in 13 months despite travel slump
UK retail sales grew 3.7% year-on-year in May 2026, the fastest rate since April 2025, as heatwave spending on outdoor goods masked a 12.9% drop in airline bookings.