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June 17, 2026
Preview: Due June 25 - U.S. May Personal Income and Spending - Core PCE Prices to outperform CPI, Savings to fall further
June 17, 2026 2:30 PM UTC
We expect May’s core PCE price index to rise by 0.3%, though probably on the low side of 0.3% before rounding, with overall PCE prices up by 0.4%. We expect a 0.6% increase in personal spending to outperform a 0.3% rise in personal income, extending a recent sharp decline in savings.
U.S. May Pending Home Sales - Fourth straight gain from January's record low
June 17, 2026 2:19 PM UTC
Pending home sales have seen a 3.8% increase in May, well above expectations and a fourth straight rise, though still not fully reversing the declines of December and January that took the series to a record low.
U.S. May Retail Sales - Impressive resilience
June 17, 2026 1:01 PM UTC
May retail sales continue to show impressive resilience to downward pressure on real disposable income from rising gasoline prices, with equity strength and lower taxes offsetting to the headwinds, as well as recent resilience in employment, Overall sales rose by 0.9%, with gains of 0.8% ex auto and
Sweden Riksbank Review: Mild Tightening Bias Persist but We Don’t See it Exercised?
June 17, 2026 8:08 AM UTC
Not only at the meeting this, we still see stable policy though to end-2027 rather than the small hikes markets and the Board are now pricing for late 2026. A similar profile has been offered by the Riksbank since last autumn (Figure 1) and it did bring forward its first hike hint a touch when it pr
UK CPI Review: Inflation Peaking?
June 17, 2026 7:40 AM UTC
What have been energy induced price rises are starting to ease and may do so further In June before the OFGEM induced price rise hits July numbers. But a less worrying picture emerges in the latest (ie May) CPI and even PPI data. Indeed, once again, actual CPI have offered a more benign picture
BOJ: QT still 5-6% of GDP until 2030 at least!
June 17, 2026 6:25 AM UTC
· Though the BOJ will maintain bond buying at Yen2trn pm from April 2027, huge redemptions means that net QT will be Yen45trn April 27-March 28 i.e. around 6.5% of GDP after QT at 6% of GDP in 2026. Then JGB net reduction of Yen40trn (6% of GDP) FY 29 and Yen35trn (5.5% of GDP). Wit