> ## Content Index > Fetch the complete content index at: https://macrosoup.com/llms.txt > Use this file to discover other available public pages before exploring further. # πŸ“° Weekly Macro Roundup: 2026-07-11 - URL: https://macrosoup.com/weekly-macro-roundup-2026-07-11/ - Published: 2026-07-10T17:30:04.000Z - Updated: 2026-07-10T17:30:04.000Z - Author: Macro Soup Newsroom - Tags: The week in view, The Roundup Welcome to your weekly macro roundup. This comprehensive edition covers the United States, Europe, and key emerging markets with in-depth analysis of the week's most significant economic developments and what they mean for markets ahead. ## πŸ‡ΊπŸ‡Έ June's 57,000 jobs miss hides a bigger labor force exodus Payrolls rose just 57,000 in June while the household survey showed employment falling by 507,000\. Fed minutes reveal new chair Kevin Warsh's hawkish tilt, with nine of eighteen officials now eyeing another rate hike this year. [πŸ‡ΊπŸ‡Έ June's 57,000 jobs miss hides a bigger labor force exodusPayrolls rose just 57,000 in June while the household survey showed employment falling by 507,000\. Fed minutes reveal new chair Kevin Warsh's hawkish tilt, with nine of eighteen officials now eyeing another rate hike this year.Macro Soup![](https://pbs.twimg.com/media/HMyzqAWW4AAW5Bt.png)](https://macrosoup.com/junes-57-000-jobs-miss-hides-a-bigger-labor-force-exodus/) ## πŸ‡ͺπŸ‡Ί The ECB hiked into an energy shock that was already fading The ECB raised its deposit rate to 2.25% on June 11 to counter an oil-driven inflation spike. By the time flash data landed weeks later, euro area inflation had already fallen to 2.8%, with the very energy component that justified the hike easing in the same month. [πŸ‡ͺπŸ‡Ί The ECB hiked into an energy shock that was already fadingThe ECB raised its deposit rate to 2.25% on June 11 to counter an oil-driven inflation spike. By the time flash data landed weeks later, euro area inflation had already fallen to 2.8%, with the very energy component that justified the hike easing in the same month.Macro Soup![](https://pbs.twimg.com/media/HM2S7zeWUAAffGg.jpg)](https://macrosoup.com/the-ecb-hiked-into-an-energy-shock-that-was-already-fading/) ## πŸ‡¬πŸ‡§ UK growth is contracting while inflation refuses to fall, and the BoE is walking into a split vote UK GDP contracted 0.1% in April while inflation held at 2.8%, well above the Bank of England's 2.0% target, a mix that points toward a split vote at the July 30 Monetary Policy Committee meeting. [πŸ‡¬πŸ‡§ UK growth is contracting while inflation refuses to fall, and the BoE is walking into a split voteUK GDP contracted 0.1% in April while inflation held at 2.8%, well above the Bank of England's 2.0% target, a mix that points toward a split vote at the July 30 Monetary Policy Committee meeting.Macro Soup](https://macrosoup.com/uk-growth-is-contracting-while-inflation-refuses-to-fall-and-the-boe-is-walking-into-a-split-vote/) ## 🌏 EM's 2026 rally hides two very different trades under one index South Korea's Kospi has nearly doubled in 2026 on an SK Hynix and Samsung AI chip rally, while Indonesia's central bank has hiked rates 100 basis points since May to defend the rupiah. Two unrelated stories, one "Emerging Markets" index number. [🌏 EM's 2026 rally hides two very different trades under one indexSouth Korea's Kospi has nearly doubled in 2026 on an SK Hynix and Samsung AI chip rally, while Indonesia's central bank has hiked rates 100 basis points since May to defend the rupiah. Two unrelated stories, one "Emerging Markets" index number.Macro Soup![](https://pbs.twimg.com/media/HM0s6Q1W8AAryK0.jpg)](https://macrosoup.com/ems-2026-rally-hides-two-very-different-trades-under-one-index/) ## πŸ‡¨πŸ‡³ China's four-year-high producer prices are an energy shock already in retreat China's PPI rose 4.1% year on year in June, the strongest gain since 2022, but slipped to βˆ’0.3% month-on-month as the Iran-conflict oil spike fades. Consumer price growth cooled to a five-month low of 1.0%. [πŸ‡¨πŸ‡³ China's four-year-high producer prices are an energy shock already in retreatChina's PPI rose 4.1% year on year in June, the strongest gain since 2022, but slipped to βˆ’0.3% month-on-month as the Iran-conflict oil spike fades. Consumer price growth cooled to a five-month low of 1.0%.Macro Soup![](https://pbs.twimg.com/media/HM0ECqLaEAAZOgU.jpg)](https://macrosoup.com/chinas-four-year-high-producer-prices-are-an-energy-shock-already-in-retreat/) That wraps up this week's macro roundup. We'll be back with daily updates throughout the week and another comprehensive weekly edition next time. If you know someone who would appreciate this analysis, feel free to share. More signal, less noise, as ever. Cheers.