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Central bankers all over the world kept saying, nah, we’re not going to do it this time. They weren’t going to race to the bottom, cutting their interest rates back down to historical lows. And the data keeps coming in that says, yeah, you are. Troubling developments along these lines as Europe goes more for the bottom. 

Eurodollar University's Money & Macro Analysis

Bloomberg UK Employment Fell Most Since Pandemic Ahead of Tax Hike
https://www.bloomberg.com/news/articles/2025-04-15/uk-wage-growth-quickens-employment-falls-in-dilemma-for-boe

Rueters ECB's Rehn sees stronger case for ECB rate cut in April amid trade war
https://www.reuters.com/markets/europe/ecbs-rehn-sees-stronger-case-ecb-rate-cut-april-amid-trade-war-2025-04-09/

ZEW press release
https://www.zew.de/en/press/latest-press-releases/liberation-day-causes-zew-indicator-to-plunge

IEA April 2025
https://www.iea.org/reports/oil-market-report-april-2025

Bloomberg Oil Goes From Bad to Worse in First Takes on 2026
https://www.bloomberg.com/news/newsletters/2025-04-15/oil-goes-from-bad-to-worse-in-first-takes-on-2026

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