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Fed Chair Kevin Warsh said submitting his personal dot plot would not help policy implementation.

2026-06-18

Fed Chair Kevin Warsh said submitting his personal dot plot would not help policy implementation.

Other News
2026-06-17

Jarden economists warn the Reserve Bank of Australia (RBA) cannot meaningfully They speed the natural decline in inflation through interest-rate adjustments. say inflation composition matters more than headline level and forecast core inflation will

Jarden economists warn the Reserve Bank of Australia (RBA) cannot meaningfully They speed the natural decline in inflation through interest-rate adjustments. say inflation composition matters more than headline level and forecast core inflation will stay above 3% until H2 2027. Large upside surprises have been driven mainly by fuel costs—external and outside officials' control—rather than domestic overheating. Jarden says this pressure should ease if Middle East tensions normalize, but flags the key market risk is the extent to which cost pressures pass through to Australian goods and services.
2026-06-17

U.S. May retail sales rose 0.9% MoM vs. 0.5% expected, the Commerce Department’s Census Bureau said, a print that may lose momentum as the boost from large tax refunds fades. Part of May’s gain reflected higher gasoline receipts after prices earlier

U.S. May retail sales rose 0.9% MoM vs. 0.5% expected, the Commerce Department’s Census Bureau said, a print that may lose momentum as the boost from large tax refunds fades. Part of May’s gain reflected higher gasoline receipts after prices earlier spiked to a four-year high amid the Iran war; gasoline has since retreated and the national average this week fell below $4/gal for the first time since April. Core retail sales—excluding autos, gasoline, building materials and restaurants—rose 0.7% in May (April +0.5%), the series that most closely maps to GDP consumer spending. Tax refunds and a stronger stock market have jointly supported outlays, but the increase has been partly financed by lower savings: the household saving rate fell to a four-year low in April. Tax season has ended and much refund funding has been spent. PNC Financial economists say internal data show households are depleting refund balances faster than in prior years, with higher gasoline spending the main driver.
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