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May 08, 2026
Eurozone: In Dire Straits?
May 8, 2026 10:55 AM UTC
Amid all the concern about the energy-induced surge in inflation resulting from the Middle East conflict, the impact on EZ real economy looks to be sizeable and growing. High profile PMI numbers are flashing alarmingly, but the message from the April composite (at a 17-mth low) may actually be not
May 07, 2026
Norges Bank Review: Pre-Emptive Price Pessimism
May 7, 2026 10:41 AM UTC
It may not have been a close call, but amid what were divided market expectations, the Norges Bank hiked afresh by 25 bp (to 4.25%), the first such move in two years. Admittedly, it had given a clear pointer in March of at least one rate hike probable in the next couple of months but we had though
May 06, 2026
U.S. April ADP Employment - Labor market still looking healthy
May 6, 2026 12:38 PM UTC
April’s ADP’s estimate of private sector employment of 109k is slightly stronger than expected though not as strong as weekly ADP data had been hinting. Still, as the strongest increase since January 2025, it suggests the labor market is not weakening, suggesting Fed focus should be on inflation
May 05, 2026
Preview: Due May 12 - U.S. April CPI - Energy, air fares and a housing distortion (revised)
May 5, 2026 3:47 PM UTC
We now expect April CPI to increase by 0.6% overall and 0.4% ex food and energy, with respective gains before rounding being 0.57% and 0.41%. Energy is likely to add close to 0.2% to the overall gain and feed through from energy is likely to add around 0.1% to the core, largely in air fares. There i
May 04, 2026
Preview: Due May 12 - U.S. April CPI - Energy to rise less sharply than in March, but air fares to lift the core
May 4, 2026 3:56 PM UTC
We expect April CPI to increase by 0.5% overall and 0.3% ex food and energy, with the latter rising by 0.33% before rounding and the highest since January 2025. Seasonal adjustments will restrain the increase in gasoline but we expect feed through of energy prices to air fares to be factor in liftin