UK Economy Returns to Growth in MayThe UK economy grew by 0.1% month-on-month in May 2026, aligning precisely with market expectations. This modest expansion marks a timely stabilization, turning around from the 0.1% contraction witnessed during the previous month.
Fed Chair Kevin Warsh rejected criticism over his ties to President Trump and defended the Fed's new internal task forces, describing himself as "an independent guy for an independent job."
U.S. Producer Inflation EasesU.S. producer price inflation cooled much more than anticipated in June, signaling a marked reduction in wholesale-level price pressures. The Producer Price Index (PPI) registered a 5.5% year-over-year increase, comfortably below the 6.2% growth rate projected by economists.