🇬🇧 Pill votes to hike at the April MPC, and the case for further UK rate cuts is looking thin
🇪🇺 Manufacturing is up in Europe, but it's inventory-driven. Services just hit a five-year low.
🏭 The Pentagon's UAP files aren't about what's in the sky
🇨🇳 China's reflation signal is real. The recovery it implies isn't.
🌏 India's April CPI prints at 3.4%, and every other macro variable is pointing the same direction
🇬🇧 Huw Pill's vote to hike says more about the BoE's rate path than the 8-1 hold does
🇪🇺 Eurozone stagflation is back, and the ECB is being asked to fix inflation that monetary policy didn't cause
🇺🇸 Four dissents, a 4.5% PCE print, and the Fed that Warsh inherits
🇨🇳 DeepSeek's first outside raise comes at a $50 billion valuation, and Beijing's sovereign AI fund wants in
🌏 Brazil's wholesale prices are running hot again, and India's banks have a funding problem
