Daily Economic Briefing

Global headline inflation jumped to 3.4% in April on energy costs, while core inflation momentum builds in major economies. Despite energy headwinds, global growth remains supported by a tech-led cyclical upswing in Asia.

Key Takeaways

• 1.Global headline CPI rose 0.5% m/m in April, pushing annual inflation to 3.4% oya, primarily driven by surging energy prices.
• 2.Brent crude prices are expected to remain near $100/bbl through year-end due to geopolitical risks in the Strait of Hormuz and low inventories.
• 3.The global economy is currently resilient, with tech strength in Asian economies like Taiwan and Singapore offsetting the drag from high energy costs.

Table of Contents

• Daily Economic Briefing
• Focus: Global Inflation Monitor: Energy lifts headline CPI, cost pressures build
• Quantitative Economic Dashboard (QED): Summary
• US activity tracker
• Inflation tracking
• Policy rate tracking

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