Tag: Macro Matters

Britain’s economy has seen weak growth overall since it left the European Union at the start of 2020, though disentangling the effects of Brexit from the COVID-19 pandemic which hit Europe weeks later ​has been hard for analysts.

The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh, with a new policy statement and economic projections ​likely to reflect growing concern about the inflation stoked by the Iran war even as oil prices slide on peace deal hopes.

U.S. retail sales increased more than expected in May, but a slowdown is likely as the cushion from larger tax refunds against higher prices diminishes.

Its relative success is not a straightforward story about Brexit, however.

Rising inflation and a 30% jump in oil prices are dampening global growth, but leaders of the world’s top economies are unlikely to blame U.S. President Donald Trump for the war-driven slowdown when they meet in France to discuss the ​economy on Wednesday.

War in the Middle East pushed the yen to the brink of multi-decade lows and prompted the government to prop it up — a peace deal, however, won’t pull it back from ​the precipice.

U.S. consumer inflation increased at its fastest pace in three years ‌in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027.

The U.S. Federal Reserve will hold its key interest rate for the rest of 2026, according to a strong majority of economists in a Reuters poll, the first clear consensus on that view this year as war-driven inflation ​proves more persistent than expected.

China’s ​factory activity stalled in May as new export orders contracted and input costs kept rising, an official survey showed on Sunday, ‌adding to concerns the world’s second-largest economy is losing momentum despite pockets of strength in services and high-tech manufacturing.