"Lots Of Distressing And Borderline Disturbing Reports"

Summary

"Lots Of Distressing And Borderline Disturbing Reports" By Michael Every of Rabobank As has been the norm in 2026 to date, there are lots of distressing and borderline disturbing reports this morning and very little sign of progress where it’s needed. For once these surprises don’t all cluster in the messy world of geopolitics – and one is right in the middle of inflation and monetary policy. Yesterday’s US CPI print came in hotter than expected at 0.4% m-o-m headline vs. a consensus of 0.3% and 0.3% core vs. a 0.2% market view. To put it in the words of the usually dovish Fed voter Goolsbee…

Description from Zero Hedge.