Fuel prices pulled the Consumer Price Index down notably in June, marking the steepest monthly drop in over two years as energy costs eased despite persistent inflation in shelter and food.
Bitcoin rallied above $63,000 following U.S. inflation figures that undershot forecasts, easing concerns over a July Federal Reserve rate hike and boosting crypto sentiment.
Inflation slowed notably in June due to falling energy and gasoline prices, but core inflation remains above target, leaving Federal Reserve rate decisions uncertain.
India’s wholesale price inflation edged up to 9.87% in June, driven by energy costs and diverse inflation levels across commodities, according to government data.
The U.S. Department of Labor has dispatched a federal strike team to New York to combat widespread unemployment benefit fraud that reportedly drains nearly $2 million daily from taxpayer funds.
Federal Reserve’s Waller cautions that now is not the right moment for forward guidance, highlighting evolving job markets and potential AI-driven shifts in financial conditions.
Inflation in India rose above the Reserve Bank’s target for the first time in over a year, driven by higher food and fuel costs amid uneven rainfall and global energy pressures.
Federal Reserve Governor Christopher Waller signaled that persistent inflation could prompt interest rate increases, emphasizing careful monitoring of upcoming economic data.
India’s annual inflation rate climbed to 4.38% in June, exceeding the Reserve Bank’s target for the first time in over a year amid rising food and fuel costs and geopolitical tensions.
China’s economy likely expanded at a slower pace in the second quarter, with strong exports offset by weak household spending and subdued private investment.
Kazakhstan’s GDP grew 4.1% in early 2026, supported by strong private capital inflows, rising manufacturing output, and construction gains amid ongoing infrastructure investments.
Five leading U.S. banks will release second-quarter earnings ahead of key inflation reports, providing insights into economic health and credit conditions.