Macro
PCE Inflation Hits 3.8%, Highest Since 2023, and the Fed Is Stuck
April PCE inflation surged to 3.8% year-over-year, the highest since May 2023. Core PCE rose to 3.3%. Here's why the Fed can't cut or hike.
May 29, 2026
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236 articles
Macro
ECB Faces June Rate Hike as Eurozone Inflation Hits 3%
ECB expected to raise rates in June after eurozone inflation surged to 3% in April on energy costs. Bloomberg survey sees two quarter-point hikes in 2026.
May 28, 2026
Macro
PCE Inflation Expected to Hit 3.8% as Fed's Dilemma Deepens
April PCE inflation forecast at 3.8% year-over-year, well above the Fed's 2% target. Core PCE expected at 3.3% as energy shock pressures persist.
May 28, 2026
Macro
Warsh Takes the Fed Into a Minefield of Inflation and War
New Fed Chair Kevin Warsh faces his first FOMC meeting in June with inflation at 3%, oil near $100, and markets pricing rate hikes. What comes next for rates.
May 27, 2026
Macro
Consumer Confidence Slips as War-Driven Inflation Squeezes Spending
Conference Board consumer confidence fell to 93.1 in May as two-thirds of consumers cut spending due to rising prices from the Iran conflict. Full breakdown inside.
May 27, 2026
Macro
Consumer Sentiment Hits Record Low as Inflation Fears Surge
University of Michigan consumer sentiment plunged to 44.8 in May, a record low, as inflation expectations hit 4.8%. What it means for spending and markets.
May 26, 2026
Macro
Warsh Inherits a Fed Nobody Wants to Lead
Kevin Warsh was sworn in as Fed chair after the most divisive confirmation in Fed history. Inflation at 4.8%, oil chaos, and zero rate cuts expected in 2026.
May 26, 2026
Macro
Consumer Sentiment Hits Record Low Before Today's Final Read
The University of Michigan's final May consumer sentiment lands Friday after a preliminary 48.2 print set the lowest reading since the survey began in 1952.
May 22, 2026
Macro
Warsh Inherits a Fed With Inflation Above Target for 62 Months
New Fed Chair Kevin Warsh takes office with inflation above 2% for over five years, complicating any path to rate cuts demanded by the White House.
May 22, 2026
Macro
Bond Vigilantes Are Back: 30-Year Yield Hits 18-Year High
The 30-year Treasury yield surges to 5.2%, an 18-year high, as inflation fears and the Hormuz crisis push long-duration rates to levels not seen since 2008.
May 21, 2026
Macro
Warsh Inherits the Most Divided Fed Since 1992
Kevin Warsh takes over as Fed chair with four FOMC dissents, 3.5% inflation, and bond vigilantes testing him. His first meeting is June 16.
May 21, 2026
Macro
Warsh Inherits a Fractured Fed as Four Dissents Shake Markets
Active ETFs captured 38% of all ETF flows in 2026 with $50 billion in April alone. Mutual fund conversions and bond demand are driving the structural shift.
May 20, 2026
Macro
Inflation Hits 3.8% as Iran War Rewrites the Fed Playbook
April CPI surged to 3.8%, a three-year high, as energy prices jumped 17.9% annually. The Fed's rate path is being rewritten in real time.
May 20, 2026
Macro
Warsh Takes the Fed With Oil Above $100 and a 40% Hike Bet
Kevin Warsh takes over as Fed chair with oil above $100, core PCE at 3%, and markets pricing a 40% chance of a rate hike. His first FOMC meeting is June 16-17.
May 19, 2026
Macro
IMF Slashes Global Growth to 3.1% as Hormuz Crisis Deepens
The IMF cut its 2026 global growth forecast to 3.1% and raised inflation to 4.4% as the Strait of Hormuz closure removes 10.5M barrels per day from oil markets.
May 19, 2026
Macro
CPI at 3.8% and Gas at $4.50: The Consumer Squeeze Intensifies
April CPI hit 3.8% year-over-year with energy up 17.9%. Gas prices at $4.50 a gallon are reshaping consumer spending as Walmart and Target report this week.
May 18, 2026
Macro
Powell Exits, Warsh Inherits a Fed Trapped by $100 Oil
Kevin Warsh takes the Fed chair as inflation hits 3.8% and oil tops $100. The new chair inherits the tightest policy corner since the 1970s stagflation era.
May 18, 2026
Macro
Consumer Sentiment Hits Record Low as Gas Prices Crush Confidence
University of Michigan consumer sentiment fell to 48.2 in May 2026, the lowest reading since 1952, as surging gas prices and inflation erode household confidence.
May 15, 2026
Macro
Warsh Takes the Fed Chair as Inflation Closes the Door on Cuts
Kevin Warsh officially becomes Federal Reserve chair on May 15 with CPI at 3.8% and PPI at 6%, facing the toughest inflation backdrop since 2023.
May 15, 2026
Macro
Brent Crude at $107.77 as Iran Ceasefire on "Life Support"
Brent crude topped $107.77 and WTI settled at $102.18 as the Iran ceasefire frays, with the IEA warning of a 3.9 million bpd supply hit.
May 14, 2026
Macro
PPI Jumps 1.4% in April, Largest Monthly Gain Since 2022
April PPI rose 1.4% on the month and 6.0% year-on-year, the hottest reading since 2022, ending the Fed's rate-cut narrative.
May 14, 2026
Macro
Senate Confirms Warsh to Fed Board as Powell Era Ends
The Senate confirmed Kevin Warsh to the Fed Board 51-45, clearing his path to Chair before Powell's term expires Friday. A rate-cut champion inherits 3.8% inflation.
May 13, 2026
Macro
April CPI Hits 3.8%, Killing Any Hope of 2026 Rate Cuts
April CPI surged to 3.8% year-over-year, driven by a 28.4% jump in gasoline prices, effectively ending expectations for Fed rate cuts in 2026.
May 13, 2026
Macro
April CPI Expected at 3.7% as Energy Shock Hits Data
Economists forecast April CPI at 3.7% year-over-year, up from 3.3% in March. Energy costs drive the acceleration as the Hormuz crisis hits inflation data.
May 12, 2026