Finance

Markets, economy, and industry.

    1. Economy

      ECB Raises Key Interest Rates by 25 Basis Points, Cites Middle East War and Higher Energy Prices

      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.

      · #eurozone #ecb #interest-rates #inflation

    2. Economy

      U.S. Consumer Prices Rise 0.5% in May; Annual Inflation Accelerates to 4.2% Ahead of Fed Meeting

      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.

      · #economy #inflation #cpi #federal-reserve

    3. Economy

      U.S. Adds 172,000 Jobs in May; Unemployment Holds at 4.3%

      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.

      · #economy #jobs #labor #federalreserve

    4. Economy

      Trump Revises U.S. Tariffs on Steel, Aluminum and Copper; Changes Take Effect June 8, 2026

      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.

      · #trade #tariffs #metals #section232

    5. Economy

      ECB's Isabel Schnabel Warns Stablecoins Could Recreate Money-Market Fund Risks

      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.

      · #stablecoins #centralbank #ecb #tokenisation #regulation

    6. Economy

      U.S. GDP Revised Down to 1.6% in Q1 2026 as Inventories and Services Weigh

      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.

      · #economy #gdp #inflation #bea

    7. Economy

      BIS Working Paper Finds China’s Inflation Responds Strongly to Slack and Expectations

      A BIS working paper finds China’s CPI inflation closely tied to economic slack and one-year-ahead expectations, suggesting standard policy models apply.

      · #china #inflation #bis #macroeconomics #policy

    8. Economy

      ECB warns Middle East war-driven energy shock heightens euro-area financial stability risks

      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.

      · #ecb #euroarea #energycrisis #financialstability

    9. Economy

      Bank of Canada staff hold Canada neutral-rate estimate; U.S. range raised on productivity, AI

      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.

      · #canada #neutralrate #bankofcanada #ai

    10. Economy

      Kevin Warsh sworn in as Federal Reserve chair at White House ceremony

      Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.

      · #fed #federalreserve #kevinwarsh #inflation

    11. Economy

      Fed minutes reveal sharp split over signaling near-term rate cuts

      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.

      · #fed #interestrates #inflation #monetarypolicy

    12. Economy

      Senate Confirms Kevin Warsh as Federal Reserve Chair; Treasury Yields Jump

      Senate confirmed Kevin Warsh as Fed chair 54-45, sending Treasury yields higher and cutting odds of a June rate cut amid hotter inflation data.

      · #federalreserve #interest_rates #kevin_warsh #treasury_yields

    13. Economy

      Court Rules Trump’s 10% Tariff Exceeded Statutory Authority, Limits Relief to Plaintiffs

      May 7 court ruling finds President Trump exceeded Section 122 authority for a 10% tariff, but injunction and refunds apply only to the plaintiffs who sued.

      · #trade #tariffs #judiciary #tradepolicy

    14. Economy

      U.S. Inflation Eases Monthly but Annual Rate Rises to 3.8% as Shelter and Gasoline Push Prices Up

      Consumer prices rose 0.6% in April; annual inflation accelerated to 3.8% as gasoline and shelter drove gains, while core CPI rose 2.8%.

      · #inflation #cpi #consumerprices

    15. Economy

      Macklem says Bank of Canada could raise or cut rates if U.S. trade curbs or oil-driven inflation shift outlook

      Bank of Canada Gov. Tiff Macklem warned rates could rise or fall: cuts if U.S. trade curbs dent growth, hikes if sustained oil-driven inflation spreads. Rate held at 2.25%.

      · #canada #bankofcanada #inflation #interestrates

    16. Economy

      U.S. Economy Expands 2.0% in Q1 2026 as Inflation Remains Elevated

      Advance BEA estimate: U.S. GDP rose 2.0% annualized in Q1 2026, with core PCE at 4.3% — keeping inflation and Fed policy center stage.

      · #economy #gdp #inflation #federalreserve

    17. Economy

      ECB Holds Rates Steady but Warns Energy Shock Has Raised Inflation Risks

      ECB keeps key rates unchanged and flags heightened upside inflation and downside growth risks after Middle East-driven energy price spike.

      · #ecb #interest-rates #inflation #eurozone

    18. Economy

      Cross-border Bank Credit Surges 11% in 2025, Fastest Annual Growth Since 2008, BIS Says

      BIS data show cross-border bank credit rose 11% in 2025 to $38.1tn — the fastest annual gain since Q1 2008 — led by dollar and euro lending.

      · #economy #bis #crossbordercredit #emergingmarkets

    19. Economy

      Bank of Japan Holds Rate at 0.75% as Vote Reveals Sharper Split on Further Tightening

      The BOJ kept its policy rate at 0.75% on April 28, but a 6-3 vote exposed growing support among board members for higher rates.

      · #japan #bankofjapan #monetarypolicy #inflation