Macro Heatmap May 11, 2026 · 5 regions · 11 themes
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🇺🇸 United States
GDP2.0%
CPI2.4%
Rate3.75%
UE4.3%
🇪🇺 Eurozone
GDP1.2%(a)
HICP2.0%
DFR2.00%
UE6.2%
🇨🇳 China
GDP4.0%
CPI−0.1%
LPR3.00%
UE~4.7%
🇯🇵 Japan
GDP0.2%
CPI3.0%
BoJ0.73%
UE2.8%
🇮🇳 India
GDP6.3%
CPI3.0%
Repo5.50%
UE~4.9%
Improving
Stable
Deteriorating
Mixed
Diverging
Critical
Theme USEUCNJPIN
Inflation ↓︎CPI 2.4% ↑︎HICP 2.0% →︎CPI −0.1% ↓︎CPI 3.0% ↓︎CPI 3.0%
Monetary Policy →︎3.75% →︎DFR 2.00% →︎LPR 3.00% →︎0.73% →︎Repo 5.50%
Property →︎ →︎ →︎ →︎ →︎
Trade & Tariffs ↓︎Def −$57.3B →︎ →︎ →︎ →︎
High Importance
Theme USEUCNJPIN
Labor Market ↑︎UE 4.3% →︎UE 6.2% ↑︎UE ~4.7% ↑︎UE 2.8% →︎UE ~4.9%
Consumer →︎ →︎ →︎ →︎ →︎
Credit ↑︎M2 5.1% ↓︎M3 3.0% ↑︎M2 8.2% →︎ →︎
Growth ↑︎GDP 2.0% ↑︎GDP 1.2%(a) →︎GDP 4.0% →︎GDP 0.2% ↑︎GDP 6.3%
Monitoring
Theme USEUCNJPIN
Currency / FX →︎DXY −3.8% →︎EUR 5.9% →︎CNY −6.0% →︎JPY 7.7% ↑︎INR 10.3%
Fiscal / Debt ↓︎D/GDP 121% →︎ ↓︎D/GDP 102% ↑︎D/GDP 234% ↑︎D/GDP 79.6%
Demographics ↓︎LFP 62.4% →︎ →︎ ↓︎WAP 73412780 →︎
Scenario Probabilities · 12-Month Outlook
US
Base Case55%
Risk Scenario25%
Tail Risk20%
EU
Base Case55%
Risk Scenario25%
Tail Risk20%
CN
Base Case55%
Risk Scenario25%
Tail Risk20%
JP
Base Case55%
Risk Scenario25%
Tail Risk20%
IN
Base Case55%
Risk Scenario25%
Tail Risk20%