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India’s CPI inflation rose to 4.38% in June from 3.93% in May as food prices climbed; rural inflation outpaced urban, the national statistics office said.
June Fed minutes show officials viewed inflation as too high, debated removing easing language and some said another rate hike could be warranted.
A Bank of Canada staff paper finds supply-side pressures, not demand, accounted for the larger share of Canada’s post-pandemic inflation surge.
At the Petersberger Sommerdialog, ECB's Isabel Schnabel warned prolonged oil and gas pressures raise euro-area inflation risks and bolster the case for more rate hikes.
The Federal Reserve left its policy rate at 3.5–3.75% in a 12-0 vote at Kevin Warsh’s first meeting, citing persistent inflation and energy-related supply shocks.
Illinois lawmakers approved a 0.2% tax on certain digital-asset activity in the FY2027 budget; brokers would collect, register and remit if signed into law.
The BOJ raised its uncollateralized overnight call rate to around 1.0% in a 7-1 vote and said it may continue raising rates as inflation nears 2%.
The ECB's 2025 climate disclosures show portfolio-linked emissions fell mainly due to bond portfolio run-off; new inflation-adjusted and scope-3 metrics were added.
GAO's June 11 report says U.S. debt could hit 106% of GDP by 2029 and 251% by 2056; Social Security and Medicare trust funds face depletion in 2032–33.
The ECB raised its three key rates by 25 basis points, citing Middle East conflict and higher energy-price assumptions; new rates take effect June 17.
CPI rose 0.5% in May and 4.2% year-over-year as gasoline and shelter costs pushed inflation higher just before the Fed's June meeting.
May nonfarm payrolls rose 172,000 with strong revisions to March–April, leaving unemployment at 4.3% and complicating the Fed’s June policy outlook.
Trump issued a proclamation refining Section 232 tariffs on steel, aluminum and copper — lowering domestic-content thresholds and adjusting rates; changes take effect June 8, 2026.
ECB board member Isabel Schnabel warned in Seoul that stablecoins can mirror money-market fund vulnerabilities and urged tighter rules and settlement in central bank money.
Second BEA estimate: U.S. GDP grew 1.6% annualized in Q1 2026, down from 2.0%, as weaker inventories and softer services spending trimmed growth.
A BIS working paper finds China’s CPI inflation closely tied to economic slack and one-year-ahead expectations, suggesting standard policy models apply.
ECB's May 27 review says energy-supply shocks from the Middle East could push inflation, slow growth and strain banks, non-banks and sovereigns.
Bank of Canada staff keep Canada's nominal neutral rate at 2.25–3.25% while raising the U.S. estimate to 2.50–3.50% on stronger productivity and AI.
Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.
April Fed minutes show an 8-4 vote to hold rates and a sharp split over whether to signal openness to future cuts as inflation and energy risks persist.