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Federal Reserve officials indicated openness to easing monetary policy later this year after core PCE fell to 2.4%, approaching the 2% target.
Factory output rose 6.2% year-on-year in May, exceeding analyst estimates and signaling resilience in China's manufacturing sector.
The alliance agreed to maintain output restrictions amid concerns over slowing global growth and rising US shale production.
Q2 results shattered expectations with $26.4B in data center revenue, driven by hyperscaler demand for H100 and Blackwell GPU clusters.
The European Central Bank lowered its deposit rate to 2.75%, citing persistent weakness in the German industrial sector and subdued inflation.
IMF data confirms India's GDP reached $4.27 trillion in 2025, cementing its position as a key driver of global growth alongside the US and China.
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