In one line: Headline points to weakness but the details are more positive
Melanie Debono (Senior Eurozone Economist)Eurozone
In one line: Producer price reflation hastens in May
Kelvin Lam (Senior China+ Economist)China+
In one line: China's CPI print points to sluggish domestic demand; Producer price reflation hastens in May
Kelvin Lam (Senior China+ Economist)China+
- In one line: Tapping an RRR hike to cool the property market.
Moorthy Krshnan (Senior Asia Economist)Global
- In one line: Tapping an RRR hike to cool the property market.
Moorthy Krshnan (Senior Asia Economist)Emerging Asia
- In one line: Higher mortgage rates take a toll but estate agents expect a recovery later in the year.
Rob Wood (Chief UK Economist)UK
- In one line: Higher mortgage rates take a toll but estate agents expect a recovery later in the year.
Rob Wood (Chief UK Economist)UK
Disinflation is back on track; expect two easings in today’s 2024 dot plot.
Ian Shepherdson (Chief Economist, Chairman and Founder)Global
Disinflation is back on track; expect two easings in today’s 2024 dot plot.
Ian Shepherdson (Chief Economist, Chairman and Founder)US
- In one line: Not a lot happening once we look through the noise from erratics, gold and fuel.
Rob Wood (Chief UK Economist)UK
- In one line: Flat GDP is a result, leaving the economy on track to grow 0.4% quarter-to-quarter in Q2.
Rob Wood (Chief UK Economist)UK
- In one line: Some green shoots on food inflation; IP appears to be breaking out of its recent stagnation.
Miguel Chanco (Chief EM Asia Economist)Global
- In one line: Some green shoots on food inflation; IP appears to be breaking out of its recent stagnation.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
In one line: Nasty, especially in the core, but it’ll get better soon.
Claus Vistesen (Chief Eurozone Economist)Eurozone
- The Fed’s hawkish dotplot is likely to have a short shelf life; the data will force faster easing than they expect.
- The May core CPI slowdown was deep-rooted; we expect just 0.20% average gains through year-end.
- CPI data signal a 0.16% rise in the core PCE deflator, but we will finalize our estimate after today’s PPI.
Ian Shepherdson (Chief Economist, Chairman and Founder)US
- Brazil — Extending losses amid uncertainty
- Mexico — Increased political risk rattling markets
- Colombia — Struggling amid fiscal uncertainty
Andrés Abadía (Chief LatAm Economist)Latin America
- The Bank of Thailand left its policy rate at 2.50%; dissenting votes for a 25bp cut fell to one, from two.
- Growth is the area that is most likely to disappoint, relative to the MPC’s rose-tinted expectations…
- …Its reasons for optimism are short-lived in nature; we still consider two 25bp cuts this year possible.
Miguel Chanco (Chief EM Asia Economist)Emerging Asia
- China’s CPI inflation was unchanged, as slowing core inflation was offset by firming food prices.
- Producer deflation eased sharply on faster upstream reflation, which bodes well for industrial profitability.
- More stimulus will be needed to kick-start domestic demand; we reiterate our call for an MLF cut in June.
Kelvin Lam (Senior China+ Economist)China+
