EPISODE · Jun 12, 2026 · 15 MIN
Daily Briefing — June 12, 2026 | Central Banks Hold the Line as Markets Bet on Peace
from Slotly News · host Slotly News
US inflation hit a three-year high in May, rising to 4.2% on surging energy costs, but core measures came in softer than expected. The Federal Reserve meets next week with Kevin Warsh in the chair for the first time—and rate cuts are off the table for the foreseeable future. The ECB delivered its first hike since 2023, raising rates by 25 basis points even as it downgraded eurozone growth forecasts. The Bank of Japan is set to lift rates to 1% next week, the highest level since 1995.Markets reacted sharply to the prospect of a US-Iran ceasefire. Crude oil fell to a two-month low below $90 a barrel. The dollar steadied after a weekly loss. Equities rallied, with the S&P 500 posting its best day in two months. SpaceX completed the largest IPO in history, pricing at $135 a share and opening 11% higher.
What this episode covers
US inflation hit a three-year high in May, rising to 4.2% on surging energy costs, but core measures came in softer than expected. The Federal Reserve meets next week with Kevin Warsh in the chair for the first time—and rate cuts are off the table for the foreseeable future. The ECB delivered its first hike since 2023, raising rates by 25 basis points even as it downgraded eurozone growth forecasts. The Bank of Japan is set to lift rates to 1% next week, the highest level since 1995.Markets reacted sharply to the prospect of a US-Iran ceasefire. Crude oil fell to a two-month low below $90 a barrel. The dollar steadied after a weekly loss. Equities rallied, with the S&P 500 posting its best day in two months. SpaceX completed the largest IPO in history, pricing at $135 a share and opening 11% higher.
NOW PLAYING
Daily Briefing — June 12, 2026 | Central Banks Hold the Line as Markets Bet on Peace
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.