> ## 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: 2026-09-29 - URL: https://macrosoup.com/daily-macro-roundup-2026-09-29/ - Published: 2026-09-29T14:40:03.000Z - Updated: 2026-09-29T14:40:03.000Z - 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 Lisa Cook flips the AI-inflation script as home prices refuse to cool Fed Governor Lisa Cook says AI-driven data center demand and energy costs are keeping US inflation near 3.8%, even as FHFA and S&P Case-Shiller data show home prices reaccelerating despite higher borrowing costs. [πŸ‡ΊπŸ‡Έ Lisa Cook flips the AI-inflation script as home prices refuse to coolFed Governor Lisa Cook says AI-driven data center demand and energy costs are keeping US inflation near 3.8%, even as FHFA and S&P Case-Shiller data show home prices reaccelerating despite higher borrowing costs.Macro Soup![](https://pbs.twimg.com/media/HTUuSnUWMAA3LwJ.png)](https://macrosoup.com/lisa-cook-flips-the-ai-inflation-script-as-home-prices-refuse-to-cool/) ## πŸ‡ͺπŸ‡Ί Spain's CPI jump strains Lagarde's 'not yet embedded' inflation case Spain's flash September inflation jumped to 4.9% year-on-year, above forecasts, as ECB chief Christine Lagarde told the European Parliament that price pressures are 'not yet embedded.' Weak eurozone sentiment and rising inflation expectations raise the stakes for Friday's harmonised print. [πŸ‡ͺπŸ‡Ί Spain's CPI jump strains Lagarde's 'not yet embedded' inflation caseSpain's flash September inflation jumped to 4.9% year-on-year, above forecasts, as ECB chief Christine Lagarde told the European Parliament that price pressures are 'not yet embedded.' Weak eurozone sentiment and rising inflation expectations raise the stakes for Friday's harmonised print.Macro Soup![](https://pbs.twimg.com/media/HTYjQPBXYAASepJ.png)](https://macrosoup.com/spains-cpi-jump-strains-lagardes-not-yet-embedded-inflation-case/) ## πŸ‡¬πŸ‡§ UK mortgages cool, but consumer credit is running at its hottest pace since the pre-crisis boom UK mortgage approvals dropped to 54,900 in August, the lowest since December 2023\. Annual consumer credit growth hit 9.6%, the fastest pace since the mid-2000s boom, and that combination keeps the Bank of England leaning away from a rate cut. [πŸ‡¬πŸ‡§ UK mortgages cool, but consumer credit is running at its hottest pace since the pre-crisis boomUK mortgage approvals dropped to 54,900 in August, the lowest since December 2023\. Annual consumer credit growth hit 9.6%, the fastest pace since the mid-2000s boom, and that combination keeps the Bank of England leaning away from a rate cut.Macro Soup![](https://pbs.twimg.com/media/HTTgtjWXYAABpUI.jpg)](https://macrosoup.com/uk-mortgages-cool-but-consumer-credit-is-running-at-its-hottest-pace-since-the-pre-crisis-boom/) ## 🌏 Brazil's IGP-M swings back to inflation just weeks after the BCB's cut Brazil's wholesale-heavy price gauge flipped from a decline to a 1.57% monthly gain in September, just weeks after the central bank's rate cut, and traders are already rethinking the easing path. Oil-driven currency pressure also hit India and Indonesia this week. [🌏 Brazil's IGP-M swings back to inflation just weeks after the BCB's cutBrazil's wholesale-heavy price gauge flipped from a decline to a 1.57% monthly gain in September, just weeks after the central bank's rate cut, and traders are already rethinking the easing path. Oil-driven currency pressure also hit India and Indonesia this week.Macro Soup![](https://pbs.twimg.com/media/HTYfRyKXcAAhE21.jpg)](https://macrosoup.com/brazils-igp-m-swings-back-to-inflation-just-weeks-after-the-bcbs-cut/) ## πŸ‡¨πŸ‡³ August industrial profit growth halves, and Beijing eases through a side door China's industrial profit growth halved to 4.2% year-on-year in August from 11.2% in July, per National Bureau of Statistics data, while high-tech manufacturing profits surged over 50%. Beijing answered with a targeted lending-rate cut and a mortgage subsidy, not a broad rate cut. [πŸ‡¨πŸ‡³ August industrial profit growth halves, and Beijing eases through a side doorChina's industrial profit growth halved to 4.2% year-on-year in August from 11.2% in July, per National Bureau of Statistics data, while high-tech manufacturing profits surged over 50%. Beijing answered with a targeted lending-rate cut and a mortgage subsidy, not a broad rate cut.Macro Soup![](https://pbs.twimg.com/media/HTTpYdeaQAAYBOJ.jpg)](https://macrosoup.com/august-industrial-profit-growth-halves-and-beijing-eases-through-a-side-door/) 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.