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Wells Fargo

June 6, 2026

Economics Week Ahead

Weekly UpdateMacro Economic IndicatorsEnergy

This report outlines the economic outlook for the week of June 5, 2026, highlighting rising inflation expectations in the U.S. and impending central bank policy shifts in the Eurozone and Canada. It also notes deteriorating inflation dynamics in Brazil.

Key Takeaways

  • 1.U.S. inflation is showing renewed upward pressure with May CPI expected to rise to 4.2% YoY.
  • 2.The ECB is expected to begin a tightening cycle with a 25bp hike as inflation broadens in the Eurozone.
  • 3.The Bank of Canada is likely to hold rates at 2.25% in the near term despite inflation risks.

Table of Contents

  • U.S. Week Ahead
  • G10 Week Ahead
  • EM Week Ahead
  • Required Disclosures
  • Important Information for Non-U.S. Recipients

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Authors

Tom PorcelliTim QuinlanSarah House

Themes

Global Inflationary PressureCentral Bank Policy Divergence

Regions

EuropeUnited StatesCanadaBrazil