Goldman Sachs
June 18, 2026
Global Economics Wrap-Up
Weekly UpdateFXMacro Economic IndicatorsRates Govt BondsEnergyReal Estate
This report covers global economic conditions, noting significant energy-related spending headwinds for developed markets and hawkish signals from the recent FOMC meeting. Central banks globally are responding with mixed monetary policy, ranging from rate hikes in Asia to continued holds in Europe.
Key Takeaways
- 1.Consumer spending headwinds from energy price shocks are expected to intensify in 2026H2 across Developed Markets.
- 2.The FOMC meeting delivered a hawkish surprise with nine participants projecting at least one rate hike in 2026.
- 3.Global central bank activity remains diverse, with rate hikes in Japan, Philippines, and Indonesia, while others maintain holds.
Table of Contents
- Global Economics
- US Economics
- Europe Economics
- Asia/EM Economics
- Disclosure Appendix
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Authors
Joseph BriggsAndrew TiltonKatya VashkinskayaJessica RindelsSarah Dong
Securities
US Federal Funds RateBank of England Bank RateBank of Japan Policy Rate
Themes
Central bank hawkish divergenceEnergy-driven consumer spending headwindsGlobal GDP growth cooling
Regions
GlobalNorth AmericaEuropeUnited StatesChinaJapan