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.
Tag: inflation
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.
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 inEconomy
Five central banks in eight days as Iran-driven inflation tests policy limits
Five major central banks — ECB, Fed, BoJ, BoE, and Bank of Canada — convene in eight days this week, with the ECB’s expected hike to 2.25% leading the sequence.
Posted inEconomy
OECD cuts global growth forecast to 2.8% as Iran war energy shock deepens
The OECD’s June 2026 Economic Outlook cut its world GDP growth forecast to 2.8% and warned that a prolonged Strait of Hormuz blockage could reduce output to 2.1% while pushing global inflation above 4%.
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
Eurozone inflation at 3% seals the case for an ECB rate hike on June 11
Eurozone inflation reached 3% in April, sealing expectations for a 25-basis-point ECB rate increase on June 11 — the first increase since the bank’s recent cutting cycle began.
Posted inEconomy
Bank of Japan holds at 0.75% but a three-way dissent signals the next hike is close
The Bank of Japan’s April 28 decision passed 6-3, with three board members calling for an immediate rise to 1.0% — the sharpest internal split in years, set against a slashed growth forecast and rising inflation tied to Iran war energy costs.
Posted inMarkets
Bitcoin drops below $77,000, triggering $657 million in leveraged liquidations
Bitcoin fell below $77,000 on May 19, forcing $657 million in liquidations as hot inflation data and Iran tensions converged against an overleveraged market.