🇺🇸 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.
🇨🇳 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
🇬🇧 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
