June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.
June 17, 2026 06:07 ETDespite transport cost pressures, UK consumer price inflation remained stable in May, ahead of the Bank of England's policy announcement on Thursday. Consumer prices registered an annual increase of 2.8 percent, the same rate as seen in April, the Office for National Statistics said Wednesday. Prices were expected to climb 3.0 percent.
June 17, 2026 07:00 ETA sentiment of cautious optimism reverberates in global markets ahead of the first FOMC led by the new Fed Chair Kevin Warsh and the potential forward guidance on interest rates. The interim peace deal between the U.S. and Iran also swayed market sentiment.
June 17, 2026 05:48 ETGold prices were little changed on Wednesday after four straight days of gains and ahead of the Federal Reserve's rate decision later in the day. Spot gold was little changed at $4,330.65 an ounce while U.S. gold futures were down 0.1 percent at $4,349.20. The U.S. central bank is widely expected...