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The Economic Times
The Economic Times

Charting the global economy: Jobs, inflation feed rate-hike bets

A blowout US jobs report prompted bets that the Federal Reserve will raise interest rates in 2026 as the ongoing Iran war fans inflation risk.

Hiring may have received a boost from the upcoming World Cup, but the breadth of job gains across industries offered some assurance that things are looking up for the labor market.

A fresh round of data on prices in the US next week will offer insights on the extent to which inflation is wiping out wage gains. Meanwhile monetary policy decisions, including one from the European Central Bank, are likely to feed the hawkish sentiment in financial markets.

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy, markets and geopolitics:

World

The central banks of Poland, Tunisia and India kept interest rates unchanged, while Kazakhstan cut them.

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