Kevin Walsh, the chairman of the Federal Reserve, appointed two economists as advisers. According to a Reuters survey, the Federal Reserve is expected to maintain interest rates until the end of 2027. The consumer confidence index of the United States in June was higher than expected. According to the Jingshun survey, 61% of the central banks believe that the level of U.S. debt affects the status of the U.S. dollar. Citigroup raised the yield target of 10-year U.S. treasury bond bonds. Bank of America expects the European Central Bank to raise interest rates in September 2026, while Germany is considering a € 20 billion tax cut plan. The Chief Economist of the Bank of England, Peel, stated that Brexit has made the UK more susceptible to inflation. Japan's retail sales have risen for three consecutive months, and the government's target annual real economic growth exceeds 1%. The Financial Times reported that the number of IPOs in Japan in the first half of the year fell to the lowest in 15 years. The European Central Bank's Sintra Forum was held, and the People's Bank of China carried out 157.5 billion yuan 7-day reverse repurchase and 300 billion yuan overnight reverse repurchase operations. South Korea announced chip and artificial intelligence projects, with foreign investors selling KRW 7.7 trillion worth of KOSPI stocks. A Wall Street Journal survey shows that South Korea's inflation rate may exceed 3% for two consecutive months. The Governor of the Bank of Thailand stated that there will be no interest rate hikes and banks will be allowed to issue Thai baht stablecoins. The Australian Prudential Regulation Authority plans to relax the risk weighting of banks. The Senior Deputy Governor of the Bank of Indonesia stated that liquidity will be maintained.
