The Daily Shot Brief – June 11, 2026
This is the Daily Shot Brief, an abridged version of The Daily Shot. If you would like to subscribe to the full-length Daily Shot (see example), please register here.
United States
Inflation outstripped wage gains for a second month, implying negative real wage growth.
Canada
The Bank of Canada left its policy rate unchanged at 2.25%, with Governor Tiff Macklem citing a policy dilemma between weak economic growth and rising energy-driven inflation.
United Kingdom
Our timely growth estimate for the UK remains negative.
Equities
Bank of America’s research shows that elevated long-term earnings growth expectations have historically been associated with weaker subsequent equity returns, suggesting today’s exceptionally optimistic forecasts may leave the market vulnerable to disappointment.
Credit
Spreads on business development company (BDC) bonds have narrowed sharply from their March highs as investors, attracted by elevated yields, snap up private credit debt.
Energy
The US now leads global oil production after more than doubling output over the past decade.
Global Developments
A growing number of central banks have shifted toward tightening.
