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February 13, 2026
USD flows: Supreme Court decision on tariffs possible on February 20, but not certain
February 13, 2026 5:34 PM UTC
The Supreme Court has scheduled February 20 as a day for announcements. There is no certainty on which cases will see decisions announced for, but a ruling on the Trump reciprocal tariffs is a clear possibility.
VAT Hike, Stubborn Food and Services Prices Pushed Russia’s Inflation to 6.0% y/y in January
February 13, 2026 5:08 PM UTC
Bottom Line: After easing to 5.6% y/y in December, Russia’s inflation edged up to 6.0% y/y in January due to VAT hike and stubborn food and services prices, the State Statistics Service (Rosstat) said. Despite Central Bank of Russia (CBR) announced that the inflation forecast for 2026 has been
U.S. January CPI - Yr/yr ex food and energy pace slowest since March 2021
February 13, 2026 2:18 PM UTC
January CPI is slightly lower than expected at 0.2% overall though the ex food and energy rate at 0.3% is on consensus, with the core rate almost spot on 0.3% even before rounding. Given a strong year ago rise, yr/yr growth slowed, overall to 2.4% from 2.7% and the core to 2.5% from 2.6%, the latter
Surprising Move by the CBR: 50 Bps Interest Rate Cut Despite Inflationary Risks
February 13, 2026 12:48 PM UTC
Bottom Line: Despite we expected the Central Bank of Russia (CBR) to hold the policy rate at 16% during the MPC on February 13 and anticipated a cautious stance as the Bank monitors inflationary risks, including the VAT hike in 2026, utility tariff increases, and elevated inflation expectations; the
This week's five highlights
February 13, 2026 12:00 PM UTC
U.S. January Employment Stronger across the board, will keep Fed in no hurry to ease
This Week's Fed Speakers
BoC Minutes Show Steady policy dependent on economy evolving as expected
UK GDP Underlying Economy Fragility Does Continue
Landslide Victory for Japan LDP