Global economic outlook hangs in the balance. Finance chiefs await a potential meeting between US President Donald Trump and Chinese President Xi Jinping. Talks were dominated by trade spats and geopolitical distrust. Policymakers expressed relief that US tariffs had not caused a deeper slowdown. They also voiced dread about future risks. The meeting is crucial for the global economy.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
June 25, 2026