New Fed Chair Kevin Warsh keeps rates steady at 3.50–3.75% in his debut meeting, signaling a tough stance on inflation that has markets bracing for possible hikes and longer restrictive policy.

In May, US import prices saw their largest monthly jump in nearly four years, fueled by energy supply shocks linked to Iran and a booming AI-driven capex cycle. These cost pressures are reinforcing sticky inflation and shaping Federal Reserve policy outlook.

In May, China’s new and existing home prices fell faster, exposing persistent weak demand despite government stimulus efforts. The property market slowdown continues to weigh on economic growth and investor confidence.

Iran’s announcement to reopen the Strait of Hormuz amid the Lebanon ceasefire sends crude oil and fertilizer prices sharply lower, easing farming cost pressures and softening global food inflation concerns as Chicago grain futures pull back and global equities rally.

Türkiye’s Treasury and Central Bank reaffirm their commitment to a strict monetary and fiscal stance to safeguard price stability despite energy and geopolitical headwinds, signaling steady progress on disinflation.

Gasoline prices in Chicago have surged past $5 per gallon amid a fresh surge in U.S. inflation hitting its highest mark in about three years. Rising energy, food costs, and sticky service prices are fueling inflation, challenging the Federal Reserve’s policy path and weighing heavily on consumer spending and regional economies.

Recent data reveal that consumer prices in the US are rising faster than wages, squeezing real earnings and weakening household purchasing power. Energy prices are surging, inflation is firming again, and markets now expect the Fed to hold interest rates higher for longer, reshaping the outlook for the dollar, bonds, and equities.

US inflation surged to a three-year high of 4.2%, fueled by war-driven energy price spikes. The Iran conflict is sending shocks through oil markets, consumer costs, and financial markets worldwide.

China’s headline CPI holds flat year-over-year despite rising global oil and commodity costs, underscoring that domestic consumer demand remains fragile. This dynamic supports expectations for continued accommodative monetary policy from the PBoC and creates a nuanced backdrop for bond markets, equities, and global inflation dynamics.

The Iran war has sent U.S. gasoline prices soaring by nearly 38% over the past two weeks, forcing American households to rethink their spending. While headline inflation holds steady, rising fuel costs are reshaping consumer behavior—cutting back on travel, dining out, and big-ticket items amid tighter budgets.