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Overseas Headlines – July 24, 2026

July 24, 2026

 

United States:

Economists Stick to Fed Rate Cut Call as Markets Price In Hikes

 

Economists continue to expect the Federal Reserve’s next move will be an interest-rate cut even as financial markets price in higher borrowing costs by the end of the year.

 

Forecasters in a Bloomberg survey see the US central bank cutting its benchmark rate by 25 basis points in the third quarter of 2027.

 

https://www.bloomberg.com/news/articles/2026-07-24/economists-stick-to-fed-rate-cut-call-as-markets-price-in-hikes

 

Europe:

ECB Says Consumer Price Expectations Fell Sharply in June

 

Inflation expectations among euro-area consumers for the next year declined significantly in June, a period that predates the oil spike triggered by a new flareup in fighting in the Middle East.

 

Consumer prices were seen rising 3%, down from 3.5% in May, a monthly survey by the European Central Bank showed Friday.

 

https://www.bloomberg.com/news/articles/2026-07-24/ecb-says-consumer-price-expectations-fell-significantly-in-june

 

Asia:

Japan’s Inflation Picks Up, Keeping BOJ on Path for Rate Hikes

 

 

Japan’s key inflation gauge picked up for the first time in three months, keeping the Bank of Japan on course for another interest-rate hike this year.

 

The consumer price index excluding fresh food rose 1.6% in June from a year earlier, the Ministry of Internal Affairs and Communications said Friday.

 

https://www.bloomberg.com/news/articles/2026-07-23/japan-s-inflation-picks-up-keeping-boj-on-path-for-rate-hikes

 

 

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