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United States
This chart shows the September core PCE forecasts from various sources, after incorporating the PPI report.
United Kingdom
Britain’s growth is proving resilient to the oil shock because falling energy intensity is limiting second-round inflation effects.
Euro Area
Oxford Economics estimates that a severe French sovereign debt shock, with the French–German yield spread widening to 400 basis points, could push France and Italy into recession in 2027, while Spain, Portugal, and Greece would remain relatively resilient and the euro area as a whole would avoid a recession.
Emerging Markets
Latin American local-currency government bonds have outperformed emerging-market peers in Europe and Asia as domestic political developments bolster expectations for fiscal discipline and economic reform.
Equities
Unlike the dot-com bubble, when global technology stocks surged far ahead of earnings, the current rally has been supported by stronger earnings growth.
Credit
Credit stress is intensifying among highly leveraged AI companies.
Alternatives
University endowments are posting their strongest returns in five years, driven by windfalls from SpaceX and other AI bets.
Food for Thought
These are the most popular ice cream flavors by state.
