Economics Week Ahead

Research evidence excerpt

Economics Week Ahead

Economics

Weekly — June 26, 2026

Labor market conditions remain stable, but the recent pace of hiring is unlikely to be Economist(s)

sustained. We expect payroll growth to moderate to 120K in June and look for the

unemployment rate to hold at 4.3%. Separately, Chair Warsh is expected to outline a more Tom Porcelli

structural framework for central banking and limited forward guidance in his first major Chief Economist | Wells Fargo Economics

public remarks. In Canada, activity is expected to improve modestly following a soft Q1, Tom.Porcelli@wellsfargo.com | 212-214-6422

with energy output providing support but partially offset by weakness elsewhere. In the Tim Quinlan

Eurozone, inflation has heated up alongside temperatures, but we expect headline and Senior Economist | Wells Fargo Economics

core inflation to cool slightly with lower energy prices. In emerging markets, China’s June Tim.Quinlan@wellsfargo.com | 704-410-3283

PMI is expected to point to continued softness, with sluggish activity and sentiment Sarah House

suggesting weak medium-term growth momentum. Senior Economist | Wells Fargo Economics Sarah.House@wellsfargo.com | 704-410-3282

United States: Charlie Dougherty

Senior Economist | Wells Fargo Economics

• Warsh Speaking (Wednesday), Employment (Thursday) Charles.Dougherty@wellsfargo.com | 212-214-8984

G10 Economies: Michael Pugliese

• Canada GDP (Tuesday), Eurozone CPI (Wednesday) Michael.D.Pugliese@wellsfargo.com | 212-214-5058

Jackie BensonEmerging Markets: Economist | Wells Fargo Economics

• China PMIs (Tuesday) Jackie.Benson@wellsfargo.com | 704-410-4468

Shannon Grein

Economist | Wells Fargo Economics

Wells Fargo Economics Week Ahead shannon.grein@wellsfargo.com | 704-410-0369

United States Nicole Cervi