The Daily Shot Brief - Global Macro Currents

The US trends in prime-age vs. total labor force participation continue to diverge; Economists expect the ECB to lower its inflation forecasts; China eased its monetary policy, and more.

The United States: The trends in prime-age vs. total labor force participation continue to diverge.

Source: BofA Merrill Lynch Global Research

Eurozone: Economists expect the ECB to lower its inflation forecasts. Here is an estimate from Pictet Wealth Management.

Source: Pictet Wealth Management

China: China eased its monetary policy by cutting the reserve requirement ratio (RRR) and freeing up additional bank liquidity.
 

Source: Scotiabank Economics

Rates:  The long-bond futures RSI index is in “overbought” territory.

Source: The Pain Report

Food for Thought:  Pollution vs. elderly deaths:

Source: @JulianReif

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