ECB’s Lane: Prudent to hike again as inflation seen over 4% by year-end
Source Fxstreet
The remarks from European Central Bank (ECB) Chief Economist Philip Lane released during the European trading session on Tuesday have indicated that he still sees more interest rate hikes in the near term.
Remarks
Europe's economic resilience is quite reassuring.
French fiscal problems need to be fixed in Paris.
Expect core, food inflation to quicken.
More to come in terms of peak inflation.
Prudent to hike in December if data don't shift.
Inflation likely “a little bit' over 4% at year-end.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Anthropic’s cash and short-term investments reached $131.7 billion on June 30, topping Nvidia and Apple combined, per CNBC. Disclosed lease and spending obligations add up to about $587 billion.Anthro
Federal Reserve Chair Kevin Warsh held interest rates at 3.75% to 4.00% on Wednesday. He also said the Fed will shrink its rate-setting calendar, starting in 2027 with one meeting that skips rate vote
Binance has confirmed a major security incident, with more than $2 billion drained across wallets. Circle and Tether have reacted quickly to freeze the majority of the funds.The concern centers on an
While the US stock market surged on Wednesday, SpaceX and Tesla stocks were sliding. Democrats won both chambers of Congress and the Texas governor’s race, defeats that land squarely on Elon Musk’s co
Nvidia, the engine of the AI boom, is in a bear market. Shares sank to about $177 on Monday, 26% below their October record, as a China spy scandal reached its CEO.A bear market means a fall of 20% or
