August 12, 2026
United States:
US Core Inflation Comes in Subdued, Easing Pressure on Fed
Underlying US inflation was subdued in July, likely easing pressure on the Federal Reserve to raise interest rates.
The consumer price index, excluding often-volatile food and energy categories, increased 0.2% from a month earlier, according to Bureau of Labor Statistics data out Wednesday.
Europe:
French Economy Set to Maintain Momentum, Central Bank Says
France’s economy is set to maintain its momentum this quarter, thanks to growth in key sectors and cooler inflation, according to the central bank.
Gross domestic product will probably rise 0.2% in the three months through September, the Bank of France said Tuesday, citing its monthly poll of businesses.
Asia:
Oil Supply Crunch Worsens Despite War’s Demand Hit, IEA Says
Global oil markets are undergoing a more severe supply squeeze than expected following renewed escalation in the Iran war, even as demand takes a deeper hit from higher prices, the International Energy Agency said.
The world faces a shortfall of 1.8 million barrels a day this quarter — more than double earlier projections — as “renewed hostilities and maritime disruptions” derail a production recovery in the Middle East, according to a monthly report from the IEA, which advises major economies.
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