> ## Content Index > Fetch the complete content index at: https://macrosoup.com/llms.txt > Use this file to discover other available public pages before exploring further. # πŸ“° Daily Macro Roundup: 2026-06-11 - URL: https://macrosoup.com/daily-macro-roundup-2026-06-11/ - Published: 2026-06-11T14:20:03.000Z - Updated: 2026-06-11T14:20:03.000Z - Author: Macro Soup Newsroom - Tags: The day in view, The Roundup Good morning, macro enthusiasts. Here's your daily roundup covering the United States, Europe, and key emerging markets. We cut through the noise to deliver the essential facts, key surprises, and meaningful context from each region in one place. ## πŸ‡ΊπŸ‡Έ Small businesses set prices at a 2023 hiking-cycle pace while cutting investment to a 2009 low US CPI rose +4.2% year-over-year in May, the hottest reading since April 2023, with gasoline up 40.5%. Small business price-raising plans hit a post-2023 high while capital expenditure intentions fell to a 2009 low, the micro-level stagflation fingerprint heading into next week's Fed meeting. [πŸ‡ΊπŸ‡Έ Small businesses set prices at a 2023 hiking-cycle pace while cutting investment to a 2009 lowUS CPI rose +4.2% year-over-year in May, the hottest reading since April 2023, with gasoline up 40.5%. Small business price-raising plans hit a post-2023 high while capital expenditure intentions fell to a 2009 low, the micro-level stagflation fingerprint heading into next week's Fed meeting.Macro Soup![](https://pbs.twimg.com/media/HKiRXrBbAAA52QM.jpg)](https://macrosoup.com/small-businesses-set-prices-at-a-2023-hiking-cycle-pace-while-cutting-investment-to-a-2009-low/) ## πŸ‡ͺπŸ‡Ί ECB hikes back to 2.25% as staff projections put inflation above target through 2027 The ECB raised its deposit facility rate to 2.25% at its June 2026 meeting. Staff projections now put HICP at 3.0% this year and 2.3% in 2027; the 2.0% target doesn't return until 2028. [πŸ‡ͺπŸ‡Ί ECB hikes back to 2.25% as staff projections put inflation above target through 2027The ECB raised its deposit facility rate to 2.25% at its June 2026 meeting. Staff projections now put HICP at 3.0% this year and 2.3% in 2027; the 2.0% target doesn't return until 2028.Macro Soup![](https://pbs.twimg.com/media/HKiQN9-WEAAkCNl.png)](https://macrosoup.com/ecb-hikes-back-to-2-25-as-staff-projections-put-inflation-above-target-through-2027/) ## πŸ‡¬πŸ‡§ UK housing has erased all of 2024's recovery as gilt yields anchor mortgage costs beyond the Bank Rate's reach RICS May house price balance held at βˆ’35%, missing the βˆ’31% consensus and fully reversing 2024's recovery. Gilt yields at 4.42% are anchoring mortgage costs that Bank Rate cuts cannot shift. [πŸ‡¬πŸ‡§ UK housing has erased all of 2024's recovery as gilt yields anchor mortgage costs beyond the Bank Rate's reachRICS May house price balance held at βˆ’35%, missing the βˆ’31% consensus and fully reversing 2024's recovery. Gilt yields at 4.42% are anchoring mortgage costs that Bank Rate cuts cannot shift.Macro Soup![](https://pbs.twimg.com/media/HKhf5aRXEAABBIc.jpg)](https://macrosoup.com/uk-housing-has-erased-all-of-2024s-recovery-as-gilt-yields-anchor-mortgage-costs-beyond-the-bank-rates-reach/) ## 🌏 Seven weeks after Hormuz, Thursday's CPI prints put EM easing cycles to the test South Korea's May CPI jumped to 3.1% from 2.6%; India and Indonesia report Thursday. That's the first hard data on Hormuz oil pass-through. Brazil's COPOM meets June 16-17 priced at 80% for a third straight cut, with its own inflation forecast at 4.6% against a 3.0% target. [🌏 Seven weeks after Hormuz, Thursday's CPI prints put EM easing cycles to the testSouth Korea's May CPI jumped to 3.1% from 2.6%; India and Indonesia report Thursday. That's the first hard data on Hormuz oil pass-through. Brazil's COPOM meets June 16-17 priced at 80% for a third straight cut, with its own inflation forecast at 4.6% against a 3.0% target.Macro Soup![](https://macrosoup.com/tmp/tmpug5k7196.png)](https://macrosoup.com/seven-weeks-after-hormuz-thursdays-cpi-prints-put-em-easing-cycles-to-the-test/) ## πŸ‡¨πŸ‡³ China's PPI at a near four-year high while the consumer economy goes the other way China's PPI hit a near four-year high of 3.9% year-on-year in May, pushed by energy costs and AI-linked metals demand. Consumer prices came in at 1.2%, a tenth below consensus, widening the gap that People's Bank of China easing has so far failed to close. [πŸ‡¨πŸ‡³ China's PPI at a near four-year high while the consumer economy goes the other wayChina's PPI hit a near four-year high of 3.9% year-on-year in May, pushed by energy costs and AI-linked metals demand. Consumer prices came in at 1.2%, a tenth below consensus, widening the gap that People's Bank of China easing has so far failed to close.Macro Soup![](https://pbs.twimg.com/media/HKanqypbsAAJ85g.png)](https://macrosoup.com/chinas-ppi-at-a-near-four-year-high-while-the-consumer-economy-goes-the-other-way/) That's your daily macro roundup. For more detailed regional deep dives, check out our weekly editions. If you found this useful, feel free to forward it along. More signal, less noise, as ever. Cheers.