Canada Inflation Hits Highest Level Since 2023 as Gasoline Prices Surge
Canada's inflation accelerated to 3.2% in May, the highest since 2023, as gasoline prices surged following Middle East energy disruptions.
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Canada's inflation accelerated to 3.2% in May, the highest since 2023, as gasoline prices surged following Middle East energy disruptions.
Britain's government borrowing rose above forecasts in May as higher energy costs and debt interest payments widened fiscal pressures.
Russia cut interest rates by less than expected as a stronger ruble slowed inflation, while policymakers warned that price risks remain elevated.
UK retail sales rose 1.2% in May, beating forecasts and signaling consumer resilience despite higher energy prices and slowing growth.
Ireland's central bank says multinational investment in AI and data centers is helping shield the economy from the Iran-driven energy shock.
The Federal Reserve kept rates unchanged, but new projections showed officials divided over further hikes and expecting higher inflation through 2027.
The Federal Reserve is expected to hold rates steady in Kevin Warsh's first meeting as chair, while markets await guidance on inflation
UK inflation held at 2.8% in May as easing housing and food prices offset a sharp rise in transport costs, while producer inflation remained elevated.
Goldman Sachs, Morgan Stanley and Citi lowered oil price forecasts as the US-Iran agreement and reopening of the Strait of Hormuz ease supply concerns
The Bank of Japan raised rates to 1%, the highest level since 1995, citing energy-driven inflation risks and signaling further policy normalization
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