Bank of England holds rates at 3.75% as energy shock divides policymakers
The Bank of England held rates at 3.75% in a divided 6–3 vote, highlighting disagreement over whether higher energy costs could create lasting wage and price pressures.
Inflation
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Small-business confidence holds steady as cost concerns grow
Small-business confidence barely changed in Q2, but rising inflation concerns, weaker investment plans and softer activity data point to caution.
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July Inflation and Weaker Real Pay Put Fresh Pressure on U.S. Employers
July prices rose modestly, but inflation-adjusted hourly pay fell, creating a difficult balance for U.S. employers, workers and consumer demand.
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ECB Holds Euro-Area Rates on July 23 as Middle East Energy Shock Threatens to Prolong Inflation
The European Central Bank kept all three key euro-area interest rates unchanged on July 23, 2026, while warning that volatile energy prices linked to the Middle East conflict could continue to fuel inflation.
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U.S. Payrolls Fall by 23,000, Complicating Fed Rate Debate
U.S. nonfarm payroll employment fell by 23,000 in July, while a scheduled inflation report became more important to the Federal Reserve’s policy outlook.
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Fed holds rates steady as officials split over persistent inflation
The Federal Reserve kept its federal funds target at 3.50% to 3.75% after its July meeting, while three officials favored higher rates and inflation remained above the Fed’s 2% target.
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Fed Holds Interest Rates Steady as Inflation and Energy Costs Remain Elevated
The Federal Reserve kept its federal-funds target range at 3.50% to 3.75% after its July meeting, as inflation and energy prices remained high.
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Federal Reserve Says U.S. Inflation Rose to 4.1% Over the Year Through May
The Federal Reserve’s July 2026 Monetary Policy Report said headline PCE inflation accelerated to 4.1% through May, while core inflation reached 3.4% and energy prices rose 24%.
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IMF Holds 2026 Global Growth Forecast at 3% as War and AI Pull Economies in Opposite Directions
The IMF kept its global growth outlook broadly unchanged, but warned that the Middle East war, stalled disinflation and financial-market repricing threaten the recovery.
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U.S. mortgage rates rise for a fifth straight week to highest level in more than a year
The average long-term U.S. mortgage rate reached its highest level since late July 2025, increasing borrowing costs for homebuyers and people considering refinancing.
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Weak July Jobs Report Complicates the Federal Reserve’s Path on Interest Rates
U.S. employers cut 23,000 jobs in July, while earlier payroll gains were revised down by 103,000. The Federal Reserve is still awaiting July inflation data.
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ECB Holds Rates Steady as Middle East Conflict Clouds Euro-Area Outlook
The European Central Bank kept its monetary-policy settings unchanged on July 23, 2026, as conflict-related energy risks and financial uncertainty complicated the euro-area outlook.
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July Jobs Report Shows Employers Cut 23,000 Jobs, Complicating Fed’s Inflation Fight
Employers cut 23,000 jobs in July, a weaker-than-expected result that eased expectations of near-term rate increases even as inflation remains above the Federal Reserve’s target.
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U.S. Employers Cut 23,000 Jobs in July, Raising Pressure on the Federal Reserve
U.S. employers unexpectedly shed 23,000 jobs in July, a sharp deterioration that weakened the labor-market outlook and increased expectations that the Federal Reserve could wait before raising interest rates further.
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Fed report puts May inflation at 4.1% as tariffs and energy disruption weigh
The Federal Reserve said U.S. inflation accelerated sharply through May, with energy prices up 24% and overall PCE inflation well above the central bank’s 2% objective.
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Federal Reserve report shows inflation remains well above its 2% goal
The Federal Reserve’s July 2026 report to Congress said headline PCE inflation reached 4.1% through May, while energy prices rose 24% over the same period.
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Federal Reserve report links higher U.S. inflation to Middle East conflict and energy shocks
The Federal Reserve’s July 2026 report says U.S. inflation reached 4.1% and energy prices rose 24% through May as conflict and shipping disruptions affected energy markets.
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Weak July Jobs Report Complicates Federal Reserve’s Inflation Fight
U.S. employers cut 23,000 jobs in July, adding pressure for caution on interest rates while inflation remains elevated ahead of the next CPI report.
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U.S. Economy Grew at a Sluggish 1.5% Annual Rate in the Second Quarter
The U.S. economy expanded at a 1.5% annual rate in the second quarter as elevated inflation, fuel prices and borrowing costs continued to pressure households and businesses.
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IMF Holds 2026 Global Growth Forecast at 3% as War and AI Investment Pull Economies Apart
The IMF kept its global growth forecasts for 2026 and 2027 unchanged, but warned that energy shocks, stalled disinflation and financial repricing are widening differences between economies.
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Fed says tariffs, energy costs and AI investment pushed U.S. inflation higher
The Federal Reserve’s July report to Congress said inflation rose notably in recent months, while the economy continued to expand and the labor market remained broadly stable.
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July Inflation Report Set for Aug. 12 After June Consumer Prices Fell 0.4%
The Bureau of Labor Statistics will release the July 2026 Consumer Price Index on Aug. 12. June headline prices fell monthly but remained 3.5% higher than a year earlier.