🇪🇺 Eurozone sentiment bounced hard in May, but German inflation at 2.9% has the ECB eyeing hikes into an economy where the current-conditions gauge sits near recessionary lows
🇺🇸 April CPI at 3.8%: supercore stuck for a third straight month, and the Fed has no clean move
🇨🇳 China's 41-month deflation streak is over. The energy shock that ended it puts the PBOC in a bind.
🌏 EM central banks can't cut their way out of the 2026 oil shock
🇬🇧 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
