Market Wrap: June 22 to June 28, 2026.

US economic data for the week ending June 28, 2026, showed continuing inflation pressures and stronger GDP growth. The Federal Reserve's preferred inflation measure, PCE, rose 0.4% month-over-month in May, bringing the year-over-year increase to 4.1%, the highest since April 2023. Final Q1 GDP was revised significantly higher to 2.1% quarter-over-quarter, exceeding the 1.6% preliminary reading. Flash manufacturing PMI came in at 55.7 and services PMI rose to 51.3, both indicating firm expansion in the US economy.