Nearly 70% Inflation, Mass Layoffs, And A Strangled Economy: Iran's Brutal Test Of Endurance

US PMIs Signal Stagflation Fears Accelerating As War Started With 'hard' US macro data having drifted weaker all year, consensus was expecting only a modest decline in S&P Global's US Composite index in preliminary March data (that presumably will be affected in some part by the war and its consequences). The consensus was right, but the picture was mixed with Manufacturing PMI surprising to the upside (52.4 vs 51.5 exp vs 51.6 prior) - highest since Oct 2025. Services PMI, on the other hand, disappointed, falling to the lowest since April 2025... Source: Bloomberg Overall,...

Mexico Accuses Ex-Chihuahua Attorney General Of Treason For Letting US Agents Join Cartel Lab Raid Mexican federal prosecutors have accused a former state attorney general of treason for allowing US agents to join a drug-lab raid, and they arrested him again within hours of a state judge ordering him not to be jailed. Federal agents took Cesar Jauregui Moreno into custody after a Chihuahua court hearing ended Sunday night, and he is being taken to Mexico City to face a federal judge, with a transfer to the Altiplano prison, El...