Global Macroeconomic Indicators

Latest US, Europe, China and commodity benchmarks that move Indian markets.

International Macroeconomic BenchmarksGLOBAL

Global Policy Rates, Commodity Benchmarks & External Drivers

Track US Federal Reserve policy, US CPI inflation, nonfarm payrolls, 10Y US Treasury yields, US Dollar Index (DXY), Brent crude, gold, ECB rate decisions, and China PMI directly impacting India’s trade deficit, rupee exchange rate, and capital flows.

FOMCGLOBAL
Tightening resumed, one more hike signalled

US Federal Funds Rate

Period:FOMC meeting, 15-16 Sep 2026
4.00% (upper bound; range 3.75-4.00)
+0.25 pp (hike)
Target/Anchor: Fed inflation target: 2% (PCE)

The US Federal Reserve's policy rate range. It drives global dollar liquidity, US bond yields and foreign portfolio flows into emerging markets like India.

MONTHLYGLOBAL
Sticky, energy-driven

US CPI Inflation

Period:August 2026
3.4% y-o-y
0.0 pp MoM (unchanged)
Target/Anchor: Fed inflation target: 2% (PCE)

Year-on-year change in US consumer prices (CPI-U). The key input into Federal Reserve rate decisions and global rate expectations.

MONTHLYGLOBAL
Hiring rebound, well above forecast

US Nonfarm Payrolls

Period:August 2026
162thousand jobs MoM
+141k vs prior month's gain
Target/Anchor: MacroNest anchor: 100k+/month = solid hiring

Monthly change in US non-farm employment, the headline read on the strength of the world's largest economy.

DAILYGLOBAL
Surging to 19-year high

US 10-Year Treasury Yield

Period:2026-09-22
4.96%
0.00 pp DoD
Target/Anchor: No official target

Yield on the benchmark 10-year US government bond, the global reference for long-term borrowing costs. Higher US yields tend to pull money out of emerging markets.

DAILYGLOBAL
Dollar strengthening

US Dollar Index (DXY)

Period:2026-09-23
101.10index
+0.50% DoD
Target/Anchor: No official target

Value of the US dollar against a basket of six major currencies. A stronger dollar typically weighs on the rupee and emerging-market assets.

DAILYGLOBAL
Back above $100

Brent Crude Oil

Period:2026-09-23
103.08$ per barrel
+3.9% DoD
Target/Anchor: MacroNest anchor: below $90/bbl eases India's import bill

Price of the global benchmark crude oil. India imports most of its oil, so Brent directly affects inflation, the trade deficit and the rupee.

ECB MEETINGGLOBAL
Tightening on energy-driven inflation

ECB Deposit Facility Rate

Period:Governing Council meeting, 10 Sep 2026
2.50%
+0.25 pp (hike)
Target/Anchor: ECB inflation target: 2%

The European Central Bank's main policy rate for the euro area, the second-largest bloc of global monetary policy after the Fed.

Data compiled from official sources: US Federal Reserve (FOMC), US Bureau of Labor Statistics, European Central Bank, ICE, and NBS China.
Showing 9 of 9 global indicators