Economy

India's Retail Inflation Rises to 4.38% in June as Food Prices Accelerate

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.

#india, #inflation, #cpi, #foodprices

Fed Minutes Show Officials Weigh Another Rate Hike and Signal Firmer Inflation Focus

June Fed minutes show officials viewed inflation as too high, debated removing easing language and some said another rate hike could be warranted.

#fed, #interest-rates, #inflation, #monetary-policy

Bank of Canada staff paper finds supply shocks drove majority of Canada's post‑pandemic inflation

A Bank of Canada staff paper finds supply-side pressures, not demand, accounted for the larger share of Canada’s post-pandemic inflation surge.

#canada, #inflation, #bankofcanada, #monetarypolicy

ECB's Schnabel warns persistent oil and gas shock raises odds of further euro-area rate hikes

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.

#ecb, #inflation, #eurozone, #energy

Fed Holds Rates at 3.5–3.75% in Unanimous Vote at Kevin Warsh’s First Meeting

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.

#fed, #interestrates, #inflation, #monetarypolicy

Illinois Lawmakers Approve 0.2% Digital-Asset Tax in FY2027 Budget

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.

#crypto, #taxation, #illinois, #blockchain

Bank of Japan Raises Main Short-Term Policy Rate to 1.0%, Signals More Hikes

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%.

#japan, #boj, #interest-rates, #central-bank

ECB reports 2025 portfolio emissions fell as bond holdings shrank; adds new climate metrics

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.

#ecb, #climate, #centralbank, #bonds, #greenbonds

GAO Warns of ‘Unsustainable Fiscal Path’ as U.S. Debt Nears Postwar Highs; Social Security and Medicare Funding at Risk

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.

#federaldebt, #gao, #budget, #socialsecurity, #medicare

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

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

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

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

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

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