The first half of 2026 delivered a series of macro surprises—from inflation reversals to unexpected policy pivots and sharp sector rotations. In this episode, we break down what truly changed, why it matters, and how these shifts are reshaping the investment landscape heading into the second half of the year.

🔍 Key Topics Covered

1. Inflation & Growth Surprises

• Slower‑than‑expected disinflation across major economies
• Divergence between U.S., Eurozone, and EM inflation paths
• Upgraded growth forecasts in select regions
• How sticky services inflation is influencing rate expectations

2. Central Bank Policy Pivots

• The Fed’s recalibrated stance and updated dot plot
• ECB’s cautious easing cycle and its mark ...