NewsMeter
S&P Global's overall inflation measure hit its highest level since October 2022. The hot reading, combined with comments from the Federal Reserve, has shifted market expectations for the next rate hike to October.
This specific timeline now defines the near-term macro outlook for global macro traders and commodity desks. The Controlling Number The S&P Global index is the single controlling figure in this narrative.
It represents the broadest available snapshot of price pressures in the current cycle. The data point is not a projection but a reported fact from the S&P Global index.
The math is simple: the current level exceeds the peak recorded in October 2022. No other metric in the immediate source material competes for this primary status.
Keep reading