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July 16, 2026
U.S. June Retail Sales - Underlying resilience persists, Initial Claims fall and Philly Fed surges
July 16, 2026 1:11 PM UTC
The latest US data is on the firm side of expectations. June retail sales are in line with expectations with a 0.2% increase and a gasoline-led 0.2% decline ex autos., but the control group that contributes to GDP maintains underlying strength with a rise of 0.5%. Weekly initial claims at 208k are t
U.S. June Retail Sales - Underlying resilience persists, Initial Claims fall and Philly Fed surges
July 16, 2026 1:09 PM UTC
The latest US data is on the firm side of expectations. June retail sales are in line with expectations with a 0.2% increase and a gasoline-led 0.2% decline ex autos., but the control group that contributes to GDP maintains underlying strength with a rise of 0.5%. Weekly initial claims at 208k are t
Preview: Due July 17 - U.S. June Industrial Production - Two straight subdued months after a strong April
July 16, 2026 12:00 PM UTC
We expect an unchanged June industrial production outcome with a marginal 0.1% increase in manufacturing. This will be a second straight subdued month but still leaving a healthy Q2 given a strong increase in April.
China Jun Activity Data Review: A Diverged Economy
July 16, 2026 6:32 AM UTC
China’s June activity data displayed divergence of statistics, as AI and related infrastructure boost industrial production. Urban Fixed Asset Investment was still depressed, due to on-going failure of mainland developers, retail sales still remained modest , weighed down by the wealth effect from
UK GDP and BOE Question
July 16, 2026 6:23 AM UTC
· UK GDP rose 0.1% in May as expected, helped by services but with softness remaining in other areas. H2 will depend on businesses and consumers, where a BOE rate hike would dent sentiment and spending – we look for no change in policy rates in 2026 however, followed by 2027 cuts. A
July 15, 2026
FOMC Preview for July 29: Unchanged policy with an unspoken tightening bias
July 15, 2026 3:52 PM UTC
The FOMC meets on July 29 in a meeting that will see no update to the dots or economic forecasts. With forward guidance now becoming limited all meetings should be seen as live, but after softer than expected June non-farm payroll and more importantly CPI data, a change in policy looks unlikely at t
FOMC Preview for July 29: Unchanged policy with an unspoken tightening bias
July 15, 2026 3:49 PM UTC
The FOMC meets on July 29 in a meeting that will see no update to the dots or economic forecasts. With forward guidance now becoming limited all meetings should be seen as live, but after softer than expected June non-farm payroll and more importantly CPI data, a change in policy looks unlikely at t