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🇺🇸 Four dissents, a 4.5% PCE print, and the Fed that Warsh inherits

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Weekly Macro Roundup: 2026-05-02

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[CN] China's April PMI: Caixin at a five-year high, services in contraction

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[EM] Mexico's Worst Post-COVID Quarter Exposes the Tariff Trap in the Nearshoring Trade

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BoE's 8-1 Hold Masks a 2.6-Point Inflation Uncertainty Range That Tests State-Contingent Policy

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[EU] ECB Cornered: Inflation Re-Accelerates to 3.0% as Q1 Growth Stalls at 0.1%, Closing Every Policy Exit

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[US] Q1 GDP Climbs to 2.0% But a 4.5% PCE Deflator Traps the Fed in an Extended Hold

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