Daily Global-Macro Brief LIVE

Central Banks 3

  • 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

  • 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