🇬🇧 The BoE held while inflation climbed. The lone dissenter is starting to look prescient.
🇪🇺 The ECB's credibility trap tightens as Lagarde, Schnabel, and de Guindos speak Friday
🇺🇸 April payrolls beat the street, but a record-low Michigan Sentiment reading is the number the Fed can't ignore
🇺🇸 Macro Indicators in Focus, 07-05-2026: New Home Sales
Daily Macro Roundup: 2026-05-07
🌍 Brazil's industrial output is booming. Its domestic manufacturers have been contracting for nearly a year.
🇨🇳 China's FX reserves hit $3.411 trillion in April, but the dollar's weakness did most of the work
🇬🇧 UK construction hits a five-year low in April, and the cost surge is beyond what rate cuts can fix
🇪🇺 Germany's factory orders beat is real. So is the construction collapse underneath it.
🇺🇸 Claims came in clean. The FOMC behind them did not.
