The Daily Shot Brief – June 18, 2026
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United States
In the first meeting under Kevin Warsh’s leadership, the FOMC voted unanimously to hold rates at 3.50%–3.75%, in line with consensus.
United Kingdom
The unemployment rate unexpectedly declined to 4.9%, below consensus estimates.
Japan
BCA’s Japanese growth diffusion index signals the economy remains on a solid growth path despite modest energy-related headwinds. Meanwhile, inflation expectations have risen but remain within the Bank of Japan’s tolerance range.
China
Domestic demand continued to weaken in May as retail sales declined, reflecting payback from last year’s trade-in subsidy program and reduced government incentives.
Equities
US equity market valuations remain highly polarized, with the largest 100 stocks trading at dot-com-era valuation premiums while small- and mid-cap stocks trade at historically wide discounts.
Energy
President Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding aimed at developing a permanent peace deal.
Global Developments
Here’s how global assets have performed since the Iran conflict began.
