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🌏 Seven weeks after Hormuz, Thursday's CPI prints put EM easing cycles to the test
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🌏 Seven weeks after Hormuz, Thursday's CPI prints put EM easing cycles to the test

Macro Soup Newsroom Macro Soup Newsroom 3 min read

South Korea's May CPI jumped to 3.1% from 2.6%; India and Indonesia report Thursday. That's the first hard data on Hormuz oil pass-through. Brazil's COPOM meets June 16-17 priced at 80% for a third straight cut, with its own inflation forecast at 4.6% against a 3.0% target.

Thematic illustration for: 🌏 Seven weeks after Hormuz, Thursday's CPI prints put EM easing cycles to the test
Source: Grok Imagine

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