🇬🇧 The BoE held rates. One member wanted to hike. That disagreement is the story.
🇪🇺 Euro area manufacturing is back above 50 for a second month — the ECB plans to hike into it anyway
🇺🇸 Q1 GDP came in at 2.0%. The PCE surge to 3.5% is the actual problem.
Weekly Macro Roundup: 2026-05-02
[CN] China's April PMI: Caixin at a five-year high, services in contraction
[EM] Mexico's Worst Post-COVID Quarter Exposes the Tariff Trap in the Nearshoring Trade
BoE's 8-1 Hold Masks a 2.6-Point Inflation Uncertainty Range That Tests State-Contingent Policy
[EU] ECB Cornered: Inflation Re-Accelerates to 3.0% as Q1 Growth Stalls at 0.1%, Closing Every Policy Exit
[US] Q1 GDP Climbs to 2.0% But a 4.5% PCE Deflator Traps the Fed in an Extended Hold
Daily Macro Roundup: 2026-05-01
