Report published July 12, 2026
US Economic Notes: Deutsche Bank Weekly Outlook – July 2026
Deutsche Bank · July 12, 2026
This report highlights a critical week for US macro data, including CPI, PPI, and Fed Chair Warsh's semi-annual testimony. Markets will focus on inflation prints and subsequent Fed official commentary to gauge policy direction before the upcoming FOMC meeting.
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Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.The economic calendar is heavy with Tuesday's CPI and Wednesday's PPI releases, coinciding with Fed Chair Warsh's first Humphrey-Hawkins testimony.
- 2.Deutsche Bank expects headline CPI to decline 0.16% for June, impacted by falling gas prices, while core CPI is forecast at +0.23%.
- 3.Fed communication intensifies this week before the communications blackout period; market participants will be watching for signals regarding the July FOMC meeting.
Table of Contents
- US Economic Notes
- Post CPI Conference Call
- Appendix 1
Report data
DB US Economics Forecast Summary
| Metric | Estimate | Context |
|---|---|---|
| June CPI Forecast | -0.16% | Headline CPI forecast |
| Q2 Real GDP Growth | 2.8% | Projected annualized growth |
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US Economic Notes is shown in chronological order through this edition, published on July 12, 2026.
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