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The average hourly wage in the US rose 3.4% year-on-year in May, in line with expectations and down from 3.60% previously.

2026-06-05

The average hourly wage in the US rose 3.4% year-on-year in May, in line with expectations and down from 3.60% previously.

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2026-06-05

Turkey's annual inflation accelerated to 32.6% in May from 32.4% in April, Official data on Friday showed; the median forecast of 17 economists was 32.5%. The increase marks a second consecutive month of acceleration as a global energy shock from US

Turkey's annual inflation accelerated to 32.6% in May from 32.4% in April, Official data on Friday showed; the median forecast of 17 economists was 32.5%. The increase marks a second consecutive month of acceleration as a global energy shock from US and Israeli actions against Iran continues to feed domestic prices. Rising energy import costs are reversing Turkey's disinflation trend—Turkey is a major oil and gas importer—and policymakers say they have struggled to respond. Turkish central bank governor Fatih Karahan said the bank is monitoring second-round effects and that the inflation outlook depends on the duration of the conflict.
2026-06-05

Reserve Bank of India governor says advanced-economy central banks may move toward policy tightening.

Reserve Bank of India governor says advanced-economy central banks may move toward policy tightening.
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