world-economy

Mexico Inflation Cools Sharply Ahead of Central Bank Decision

Mexico's annual inflation declined significantly more than anticipated in early June, positioning the central bank to maintain its benchmark interest rate at the lowest level since 2022. The softer-than-expected price pressures came as policymakers across major economies signaled divergent paths forward. The U.S. Federal Reserve held rates steady under new leadership while hinting at potential increases later in the year. Meanwhile, Chinese economists grew increasingly skeptical of rate cuts through 2026, though officials left the door open for policy adjustments. In the freight sector, ArcBest announced a 5.9% LTL rate increase about six weeks earlier than typical timing, illustrating how carriers are adjusting pricing strategies.