- Canada is expecting a worsened wildfire season as temperatures and drought continue to create ideal fire conditions.
- The country has already surpassed the modern historical record for area burned, with 8.8 million hectares scorched so far.
- Weather patterns have carried smoke into major US cities, triggering air quality alerts and flight disruptions.
- Climate change and record temperatures globally have contributed to the increased risk of wildfires.
- The jet stream's slowing and meandering due to Arctic ice melt may create high-pressure zones that exacerbate fire conditions.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec