◆ Daily Global-Macro Brief LIVE
TODAY IN 30 SECONDS
  1. ECB Vows to Tame Inflation Amid Energy Crisis
  2. April Services Producer Price Index data released
  3. Bank of Japan releases staff estimates for core CPI indicators
  4. Fed Releases Minutes of Discount Rate Meeting
  5. Bank of England Announces BEEDS UAT Environment for Statistical Taxonomy v1.3.1

Macro/Economy 2

  • April Services PPI showed a modest month‑over‑month increase
  • Year‑over‑year growth stayed above 2%, signaling ongoing price pressure in the services sector
  • The data will be factored into the Fed's inflation outlook and upcoming policy deliberations
  • BOJ Research Dept. publishes core CPI estimates that strip out institutional factors such as tax changes and energy subsidies
  • Data are released at 2:00 p.m., two business days after the official CPI publication
  • Core measures include trimmed mean, weighted median, mode and diffusion index of price changes
  • Latest release schedule updates noted on Mar 26 2026 and Feb 9 2017

Central Banks 3

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  • ECB will do what is necessary to bring inflation back to 2% target
  • Bank of France Governor Francois Villeroy de Galhau reassures markets on ECB's commitment
  • ECB may hike interest rates by 50 basis points by end of year, markets price in
  • Fed releases minutes from April 20 and 29, 2026 discount rate meetings
  • Discount rate setting process distinct from federal funds rate target range
  • No specific rate decisions mentioned in released minutes
  • UAT environment available from June 2 to June 12, 2026
  • Firms and software houses can test submissions ahead of live implementation
  • Software houses must request access by May 25, 2026

Energy/Oil 1

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  • Developers plan ~44.9 Bcf/d of new U.S. natural gas pipeline capacity for 2026‑27
  • Around 70% (31.6 Bcf/d) of the planned capacity is already under construction
  • Texas accounts for over 66% (≈29.7 Bcf/d) of the new capacity, the largest share
  • Louisiana is second with 19% (≈8.4 Bcf/d) of the additions