“We are not unhappy with what we have seen,” on inflation.Hopes inflation can get back to target sooner than projectedInflation numbers are relatively reassuringWe “absolutely confident” in hitting inflation target sustainably in the course of 2025 but not sure whenWe have to be very sharp in evaluating services inflationEuropean consumers don’t consumer as much as AmericansThe pace of cuts is to be determined laterI don’t want to speculate on what it would take to cut 50 bps
The euro is struggling again today alongside the pound. Most of the recent EUR/USD drop was driven by dollar strength but that’s not the case today.
This article was written by Adam Button at www.forexlive.com.
