Morning Macro Briefing: 01/10/2026

PCE Softens but Remains Sticky as UK House Prices Fall and Hormuz Crude Flows Normalise

Inside

  • PCE Comes in Better Than Expected, but Remains Well Above Target
  • UK Housing Market Weighed by High Mortgage Costs
  • Strait of Hormuz Crude Flows Back at Pre-War Levels


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