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  "description": "Weekly Recap on global developed markets in 2026",
  "path": "/global-dm-2026-w7-recap-2/",
  "publishedAt": "2026-02-23T13:07:24.000Z",
  "site": "https://www.jasonandjarvis.org",
  "tags": [
    "Open this more visual friendly version in a new tab/点击跳转查看原文,左上角切换中文"
  ],
  "textContent": "Beginning from 2026/03 , I have changed my plan for publishing these routine weekly posts. I will now simply append new updates, adding each week's new materials in one post, so that I won't be email bombing you. This is where you will find all weekly updates for 2026.\n\n## 2026 W11\n\n(Please note: I will skip the next three weekly releases (W12-14) as I am going to a vacation)\n\nWith core PCE hitting its highest since early 2024 while GDP growth was revised down to 0.7%, and the Strait of Hormuz casting a shadow over energy markets — are we watching the early symptoms of stagflation, or just a noisy quarter?\n\n##\n\n### Macro Overview\n\nGlobal markets in the current period were largely influenced by geopolitical tensions, specifically the **Middle East conflict** , leading to significant volatility in **oil prices** and broader market uncertainty. This environment, coupled with ongoing concerns about inflation—evidenced by the highest core PCE since 2024 in the US—and downward revisions to GDP growth forecasts, created a cautious investment climate. Countries highly dependent on oil imports, like Japan, faced increased vulnerability to supply shocks and rising energy costs, further complicating their economic outlooks.\n\n### Policy Insights\n\nCentral banks globally responded to the complex macro landscape with a mix of cautious stances. While the US Federal Reserve's stance on future rate cuts remained a key market driver, the European Central Bank reiterated its readiness to address inflation stemming from rising energy prices, even as it maintained current rates. The Bank of Japan was widely expected to hold rates steady amidst Middle East conflict uncertainties and yen weakness, with the Japanese government also taking steps to release strategic oil reserves and provide gasoline subsidies. In China, policy efforts focused on stimulating domestic demand, addressing deflationary pressures, and promoting homegrown technology, including an \"anti-involution\" campaign to cut overcapacity, while also navigating trade dynamics.\n\n\n   Open this more visual friendly version in a new tab/点击跳转查看原文,左上角切换中文\n\n\n## 2026 W10\n\nCan S&P 500 earnings sustain their sixth consecutive quarter of double-digit growth when a widening Middle East conflict is sending oil prices surging and global equities into retreat?\n\n### Macro Overview\n\nThe week's markets were dominated by escalating conflict in the Middle East, which drove up energy prices and heightened inflation risks. This geopolitical tension, coupled with some mixed economic data globally, led to a general downturn in equity markets. Investors are closely watching central bank responses, with expectations of a potential shift in monetary policy outlooks due to the evolving inflationary environment. The prospect of sustained higher energy prices is raising concerns about economic growth, even as some regions show resilience in specific sectors.\n\n### Policy Insights\n\nCentral bank policies are at a critical juncture, facing the dual challenge of managing inflation stoked by rising energy costs and supporting economic stability amidst geopolitical uncertainty. The U.S. Federal Reserve's policy outlook is being reassessed, with market participants weighing the implications of mixed labor data against inflationary pressures. In Europe, the ECB is facing increased pressure to potentially raise rates as inflation ticks up. Japan's central bank is monitoring the global fallout, while China has set a cautious growth target and unveiled new fiscal measures to boost domestic demand and investment. Currency interventions are also being considered in some economies to stabilize local currencies.\n\nSubscribe\n\n\n   Open this more visual friendly version in a new tab/点击跳转查看原文,左上角切换中文\n\n\n## 2026 W8\n\nCaught between a historic Supreme Court ruling on U.S. tariffs, a deeply divided Fed, and mixed growth signals across major economies, what are the true underlying forces driving cross-asset resilience in Week 8 of 2026?\n\n### Macro Overview\n\nGlobal markets in Week 8, 2026, were shaped by significant U.S. Supreme Court rulings on tariffs, easing geopolitical tensions, and ongoing inflation and growth concerns. Despite a holiday-shortened week, U.S. stocks rallied on the tariff news. Economic data presented a mixed picture: decelerating U.S. growth and elevated PCE inflation, alongside weaker Eurozone industrial production but improving PMI. Japan faced slower growth and inflation, while China was on holiday, with IMF advising a consumption-led growth model.\n\n### Policy Insights\n\nMonetary policy discussions remained central, with the U.S. Federal Reserve minutes revealing divisions on future rate paths and a moderated view on employment risks balanced by persistent inflation concerns. The European Central Bank's future leadership became a topic of speculation, while the Bank of England is anticipated to cut rates in March due to easing inflation and rising unemployment. Japan's Prime Minister pledged responsible fiscal policy amidst slower economic data, and China adjusted its VAT rate for telecom services while also being advised by the IMF on comprehensive macroeconomic and structural reforms.\n\n\n   Open this more visual friendly version in a new tab/点击跳转查看原文,左上角切换中文\n",
  "title": "Global DM 2026 Weely Recap",
  "updatedAt": "2026-03-24T04:25:05.409Z"
}