- Turkey's President Erdogan has agreed to let Sweden join NATO, completing a historic expansion in response to Russia's invasion of Ukraine.
- The approval paves the way for an expansion in northern Europe, potentially creating a chokepoint for Russian warships and aircraft.
- The inclusion of Sweden and Finland will add significant military strength to NATO, including warplanes, tanks, and soldiers.
- Sweden amended its constitution and counterterrorism laws, dropped restrictions on arms sales to Turkey, and extradited suspects to secure Turkey's approval.
- Erdogan has used the negotiations to expand Turkey's influence within NATO and force concessions from Western leaders.
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