U.S. Core PCE Forecast at 3.3% YoY in June; Bank of England Names New PM as Global Central Banks Signal Policy Shifts

According to Jin10 Data, on July 21, U.S. core PCE inflation is forecast to rise modestly 0.18% month-over-month to 3.3% year-over-year in June, marking the lowest monthly pace since November last year.

Andy Burnham was formally appointed as UK Prime Minister by King Charles. Separately, South Korea's won traded near 1,500-1,600 per dollar, prompting President Lee Jae-myung to note the unusual level. The Bank of Israel cut its benchmark rate 25 basis points to 3.5% on July 6, while Poland's central bank expects potential further rate cuts in 2026.