Policy

16 May 2026
US industrial output beats forecasts, reshaping rate-cut bets and boosting cyclical sector outlook

US industrial production climbed 0.7% in April, beating the 0.3% forecast and signaling stronger factory output.

15 May 2026
Czech central bank hints at cautious stance as markets price hikes, lifting EUR/CZK bias

CNB governor flags wider deficit, pricey rates; cautious stance weighs on koruna as EUR/CZK nears 24.40.

15 May 2026
Italy’s softer April CPI strengthens case for ECB summer cut, boosting BTPs and pressuring euro

Italy’s EU-harmonised CPI rose 1.6% month-on-month in April, slightly below expectations of 1.7%.

15 May 2026
South Korea export prices surge in April, fuelling Bank of Korea rate-hike bets and won options trades

South Korea’s export price growth accelerated to 40.8% year-on-year in April, up from 28.7% previously.

15 May 2026
Argentina’s April inflation overshoots forecasts, raising doubts over rate cuts and peso stability

Argentina’s April CPI rose 2.6% month-on-month, slightly above the 2.5% forecast, signaling persistent inflation pressures.

15 May 2026
Miran quits Fed board as Warsh chair transition fuels rates and volatility jitters

Stephen Miran resigns from Fed board ahead of Kevin Warsh swearing-in, after pushing for lower rates.

15 May 2026
TD Securities sees Fed holding rates in 2026 as Iran-driven inflation keeps cuts off the table

TD Securities sees no Fed rate cuts in 2026, citing Iran-driven inflation, oil, supply chains; easing starts 2027.

15 May 2026
US 4-week bill yield dips, bolstering bets on Fed hold and curve-steepening trades

U.S. auctioned 4-week Treasury bills yielding 3.605%, slightly below the prior auction’s 3.61% yield.

15 May 2026
Kansas City Fed’s Schmid flags inflation risk as markets price higher-for-longer rates

Kansas City Fed’s Schmid warns inflation remains top risk; economy resilient, spending and investment strong, banks sound.

15 May 2026
UOB Sees Fed Holding Rates Until 2027 as Hotter Inflation Pushes Back Cuts

UOB now sees Fed holding rates through 2026, then cutting twice in 2027 amid persistent inflation pressures.

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