June 12, 2026
United States:
Economists Push Fed Rate-Cut Expectations Into 2027, Survey Shows
Economists moved back their expectation for interest-rate cuts and now see the Federal Reserve holding rates steady into the middle of next year, according to a Bloomberg News survey.
The median estimate from 35 economists polled suggested policymakers will cut rates in June 2027, and again by December of 2027, lowering the target range of their benchmark to 3% to 3.25%.
Europe:
Germany to Grow in 2026 as Spending Offsets War, Bundesbank Says
Germany’s economy will recover more slowly than expected because of the Iran war but pick up steam in the coming years thanks to fiscal stimulus, according to the Bundesbank.
Gross domestic product will rise 0.5% in 2026, 0.8% in 2027 and 1.4% in 2028, the central bank said. That’s a downgrade for this year and next compared with the last projections in December.
Asia:
China’s Credit Growth Dips as Weak Demand Frustrates Policy Push
China’s credit expansion slowed in May from a year earlier, as private demand remained subdued even though regulators pushed banks to lend more.
Aggregate financing, a broad measure of credit, increased 2.03 trillion yuan ($300 billion), according to Bloomberg calculations based on data released by the People’s Bank of China on Friday.
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