The June activity data suggest that GDP rose at a robust pace last quarter, while there are early signs that higher energy costs are feeding through to consumer prices.

At around 3.2% y/y, China’s growth in Q2 was over 1%-pt weaker than official figures suggest. But growth has held steady in the face of the Iran war. Exports have continued to surge, largely driven by...

Global growth appears to be regaining momentum, led by the US among advanced economies. We expect this trend to continue, supported by strong AI investment despite the risk posed by renewed...

The smaller-than-expected 0.13% m/m gain in the core PCE deflator in June will be a welcome sight for Fed officials, though that still only translated to small decline in the annual rate to 3.3%, from...