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February 19, 2026 9:24 AM UTC
· The January FOMC minutes show a split Fed, with some sounding mildly hawkish. However, the district Fed presidents are on the mildly hawkish side, but most are non-voters and we feel that the FOMC voting consensus is more neutral. Additionally, we feel that Fed is too upbeat on th

February 18, 2026 3:13 PM UTC
Bottom Line: The Turkish Statistical Institute (TUIK) is scheduled to announce Q4 2024 and full-year GDP growth on March 2. We expect the Turkish economy expanded by approximately 3.8% y/y in 2025, underpinned by resilient household consumption, investment, and ongoing construction projects. Domesti
February 18, 2026 2:46 PM UTC
We expect a December trade deficit of $59.5bn, which would be the widest since August and up moderately from November’s $56.8bn. It would be up sharply from October’s $29.2bn which was the lowest since June 2009 but heavily influenced by temporary factors. The data may bring some fine tuning to

February 18, 2026 1:41 PM UTC
Bottom Line: Statistics South Africa (Stats SA) announced on February 18 that annual inflation slightly edged down moderately to 3.5% y/y in January, driven by higher housing and utilities, food and non-alcoholic beverages, and insurance and financial services. Annual core inflation came in at 3.4%