Macroeconomic data, trends, and policy developments.
Coverage of key economic indicators, central bank policy decisions, inflation trends, labor data, and growth signals. This category focuses on the macroeconomic forces that shape markets, interest rates, and long-term capital allocation.
5,907 total articles
The Federal Reserve left its policy rate unchanged at 3.50% to 3.75% but published new projections and a pared-back statement that point to a likely increase in borrowing costs before year-end. The updated guidance removed language that had signaled potential cuts this year and emphasized strong productivity and capital investment, while attributin…
Federal Reserve Chairman Kevin Warsh did not provide an interest rate projection in the central bank's quarterly dot-plot release, leaving 18 submissions instead of the usual 19. The Fed did not say which official withheld a projection. The omission follows Warsh's prior public criticism of forward guidance and quarterly projections and is the firs…
Federal Reserve materials released this week showed one fewer individual interest-rate projection than the number of policymakers, an omission observers are likely to link to newcomer Kevin Warsh. The absence breaks with routine publication of the so-called dot plot and raises fresh questions about the future of the Fed's public guidance practices …
A Panamax bulk carrier loaded with corn has been detected inside the Persian Gulf after crossing the U.S. blockade line outside the Strait of Hormuz, according to vessel-tracking data. The Verbier, carrying roughly 70,000 tons of dry bulk cargo bound for Bandar Imam Khomeini, disappeared from public trackers after being seen near the strait and rea…
Brazil's Finance Ministry said it supports a rural debt renegotiation program but seeks a more narrowly focused approach after the Senate approved a broad aid bill that would provide subsidized credit to the agricultural sector. Finance Minister Dario Durigan warned the current proposal would create heavy fiscal costs, estimated at roughly 140 bill…
U.S. Treasury yields edged higher after government data showed retail sales in May climbed more than economists had expected. The move came as markets prepared for the Federal Open Market Committee statement and a press conference following Federal Reserve Chair Kevin Warsh's first policy meeting.
The U.S. Justice Department asked a federal judge to terminate nearly 40 years of court supervision of the International Brotherhood of Teamsters, asserting that the union has eliminated organized crime influence and restored democratic governance under a settlement first approved in 1989. The move follows a phased wind-down of oversight that began…
The U.S. Federal Trade Commission, joined by Texas, Iowa, Nebraska and Alaska, plans to sue the World Professional Association for Transgender Health for allegedly making misleading claims about the benefits and risks of gender-affirming care for minors and overstating its role in suicide prevention, while also seeking expanded insurance coverage t…
Euro-zone sovereign bond prices rose for a fifth straight session as markets scaled back inflation expectations ahead of Federal Reserve chair Kevin Warsh's first meeting. Falling oil prices after an announced U.S.-Iran peace deal framework helped push yields lower, supporting gains in bonds while stocks and rate-sensitive assets such as gold climb…
The U.S. Senate Health, Education, Labor and Pensions Committee has scheduled a vote for June 24 on Brett Matsumoto, President Donald Trump's nominee to lead the Bureau of Labor Statistics, the federal agency responsible for key monthly reports on employment and inflation. Matsumoto, an economist on leave from the BLS to serve at the White House Co…
Most major Latin American stock indexes advanced while currencies showed a mixed picture as market participants awaited the U.S. Federal Reserve's interest rate decision and parsed recent central bank signals across the region. Investors also factored in uncertainty around an interim U.S.-Iran peace agreement after U.S. President Donald Trump said …
Mexico's central bank should maintain its benchmark rate at 6.50%, Deputy Governor Gabriel Cuadra said, pointing to a complex inflation outlook and uncertainty over how long the current rate should persist. The next Banxico policy decision is scheduled for June 25; officials view the May 7 cut to 6.50% as likely marking a pause in the easing cycle.
An EU official said the office of European Council President Antonio Costa has made short, diplomatic-level contacts with the Kremlin in recent weeks to create communication channels. The interactions were described as brief with no substantive discussions; the EU stressed it is not acting as a mediator and continues to back Ukraine. Costa has been…
Total U.S. crude oil inventories fell to 758.5 million barrels for the week ended June 12, the Energy Information Administration reported, marking the lowest aggregate level since March 1985. The combined figure, which covers commercial stocks and Strategic Petroleum Reserve holdings, fell by 17.2 million barrels week over week. Regional data showe…
U.S. President Donald Trump said he and Indian Prime Minister Narendra Modi are close to finalizing a long-awaited interim trade agreement following a face-to-face meeting at the Group of Seven summit in France. The exchange included frank comments on Modi's negotiating style, discussions about maritime security after a deadly attack on Indian-crew…
G7 leaders agreed to intensify coordination to reduce dependence on any single external supplier for critical minerals used in defence, technology and clean energy. The package includes harmonized stockpiling mechanisms, a new policy and data platform supported by the International Energy Agency, pilot projects for lithium and nickel, and public-pr…
The Ministry of Industry and Information Technology convened provincial industry officials to press for more nuanced readings of economic statistics, following data showing stronger-than-expected industrial output in May. Vice Industry Minister Xin Guobin chaired the session, which reiterated priorities including stabilising industrial activity, ba…
China's Ministry of Industry and Information Technology convened a meeting led by Vice Industry Minister Xin Guobin, urging provincial industry officials to look past surface-level statistics and deepen situational analysis. The directive came a day after May industrial output topped expectations, even as broader indicators point to slower growth, …
European Commission President Ursula von der Leyen said the European Union will formally sign its long‑awaited free trade agreement with India by the end of the year, following talks with Indian Prime Minister Narendra Modi at the G7 summit in France. The pact, struck in January, is designed to eliminate or reduce tariffs on the vast majority of tr…
Australia’s corporate regulator has told participants in the nation’s roughly A$200 billion private credit market they must ensure asset valuations reflect current global economic turmoil as they close accounts for the June 30 financial year end. A targeted ASIC survey of 22 managers overseeing 52 funds and A$76 billion in assets flagged higher def…
Chile's central bank adjusted its projections in the quarterly monetary policy report published today, cutting the 2026 GDP growth forecast to a range of 1% to 1.75% from 1.5% to 2.5% and lifting the 2027 forecast to 2% to 3% from 1.5% to 2.5%. The bank also raised its year-end inflation projection for 2026 to 4.2% while keeping inflation forecasts…
An ECB official said uncertainty remains high and flagged the need to monitor inflation expectations closely. While a repeat of 2022 is judged less likely, it has not been ruled out; oil prices have so far not reached previously feared levels. Second-round effects and weakening household price expectations are central concerns for monetary policy, …
Olaf Sleijpen, a Dutch policymaker at the European Central Bank, said on June 17 in London that a repeat of the 2022 inflation shock looks less likely now but cannot be ruled out. He highlighted the risk of second-round effects as the central monetary policy concern and noted that this week’s framework peace deal between the United States and Iran,…
Portfolio managers at Fidelity Investments say Federal Reserve Chairman Kevin Warsh's debut press conference following a likely hold on policy rates could spark volatility in the bond market. The Fed is expected to keep its policy rate at 3.5%-3.75% and shift its statement to a neutral stance, removing the easing bias that has been in place since 2…
The Reserve Bank of India has announced a temporary removal of interest rate caps on specific foreign-currency and non-resident rupee deposits, effective immediately and in force until September 30, 2026. The amendment relaxes ceilings on new FCNR deposits with three- to five-year tenors and on NRE deposits of three years and longer, including rene…
