> ## 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: 2026-07-15 - URL: https://macrosoup.com/daily-macro-roundup-2026-07-15/ - Published: 2026-07-15T14:20:08.000Z - Updated: 2026-07-15T14:20:08.000Z - 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 Warsh's hawkish debut lands right as the energy tailwind behind June's soft prints is about to reverse New Fed Chair Kevin Warsh told Congress on July 14 that the Fed's inflation gauges are broken and called every rate meeting live, right as the Iran ceasefire that flattered June's βˆ’0.4% CPI and βˆ’0.3% PPI prints looks set to unravel. [πŸ‡ΊπŸ‡Έ Warsh's hawkish debut lands right as the energy tailwind behind June's soft prints is about to reverseNew Fed Chair Kevin Warsh told Congress on July 14 that the Fed's inflation gauges are broken and called every rate meeting live, right as the Iran ceasefire that flattered June's βˆ’0.4% CPI and βˆ’0.3% PPI prints looks set to unravel.Macro Soup](https://macrosoup.com/warshs-hawkish-debut-lands-right-as-the-energy-tailwind-behind-junes-soft-prints-is-about-to-reverse/) ## πŸ‡ͺπŸ‡Ί Factories are shrinking and Spanish prices won't budge, making the ECB's July 23 hold harder to wave through as routine Eurozone industrial production fell 1.2% year-on-year in May, more than double the expected decline. Spain's CPI held at 3.2% ahead of the ECB's July 23 meeting, a mix that complicates the case for a cut or a hold. [πŸ‡ͺπŸ‡Ί Factories are shrinking and Spanish prices won't budge, making the ECB's July 23 hold harder to wave through as routineEurozone industrial production fell 1.2% year-on-year in May, more than double the expected decline. Spain's CPI held at 3.2% ahead of the ECB's July 23 meeting, a mix that complicates the case for a cut or a hold.Macro Soup![](https://pbs.twimg.com/media/HNQ3EVJW8AAN2XJ.png)](https://macrosoup.com/factories-are-shrinking-and-spanish-prices-wont-budge-making-the-ecbs-july-23-hold-harder-to-wave-through-as-routine/) ## πŸ‡¬πŸ‡§ Bailey pitches growth at Mansion House while Treasury's own numbers price in a hike Andrew Bailey pitched growth-friendly regulation at his July 14 Mansion House speech. The same evening, Treasury projections put Q4 inflation at 3.2% and modeled a $150-a-barrel oil shock, both pointing to another rate hike. [πŸ‡¬πŸ‡§ Bailey pitches growth at Mansion House while Treasury's own numbers price in a hikeAndrew Bailey pitched growth-friendly regulation at his July 14 Mansion House speech. The same evening, Treasury projections put Q4 inflation at 3.2% and modeled a $150-a-barrel oil shock, both pointing to another rate hike.Macro Soup![](https://pbs.twimg.com/media/HNQkiZaXgAEaefn.jpg)](https://macrosoup.com/bailey-pitches-growth-at-mansion-house-while-treasurys-own-numbers-price-in-a-hike/) ## 🌏 Korea hikes rates while Brazil counts the cost of its own tightening cycle The Bank of Korea hiked 25 basis points to 2.75%, its first increase in three years, after inflation hit 3.2% year-on-year. Brazil's services sector shrank 0.4% in May, the lagged bite of a near-15% policy rate. [🌏 Korea hikes rates while Brazil counts the cost of its own tightening cycleThe Bank of Korea hiked 25 basis points to 2.75%, its first increase in three years, after inflation hit 3.2% year-on-year. Brazil's services sector shrank 0.4% in May, the lagged bite of a near-15% policy rate.Macro Soup![](https://pbs.twimg.com/media/HNRGoEPWsAEaidQ.jpg)](https://macrosoup.com/korea-hikes-rates-while-brazil-counts-the-cost-of-its-own-tightening-cycle/) ## πŸ‡¨πŸ‡³ China's credit engine is stalling, and Q2 growth just broke through the floor China's economy grew 4.3% year-on-year in Q2, missing Beijing's 4.5-5% target as new bank lending, broad credit financing, and money supply growth all fell short of forecasts, according to China's statistics bureau and central bank. [πŸ‡¨πŸ‡³ China's credit engine is stalling, and Q2 growth just broke through the floorChina's economy grew 4.3% year-on-year in Q2, missing Beijing's 4.5-5% target as new bank lending, broad credit financing, and money supply growth all fell short of forecasts, according to China's statistics bureau and central bank.Macro Soup![](https://pbs.twimg.com/media/HNQ4BWeWkAAi_Mv.jpg)](https://macrosoup.com/chinas-credit-engine-is-stalling-and-q2-growth-just-broke-through-the-floor/) 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.