Global Economics Daily Points

Scotiabank's daily update highlights market caution ahead of the FOMC meeting and US retail sales. It also notes cooling UK inflation and upcoming policy decisions from the Riksbank and Brazil's central bank.

Key Takeaways

• 1.Global markets are cautious ahead of the FOMC policy decision and US retail sales data.
• 2.UK inflation data for May came in significantly lower than consensus expectations, easing pressure on the BoE.
• 3.Brazil's central bank is anticipated to cut the Selic rate by 25bps to 14.25%.

Table of Contents

• FOMC — DOTS VERSUS THE PRESS CONFERENCE
• US RETAIL SALES EXPECTED TO POST A SMALL GAIN
• SOFT UK CPI SETS UP A PATIENT BOE TOMORROW
• RIKSBANK GUIDANCE WARNS OF A COMING HIKE BUT MAY BE STALE
• BRAZIL'S CENTRAL BANK EXPECTED TO CUT

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