Alberto Musalem (St. Louis, 2028 voter) struck a cautious and hawkish tone on Thursday, warning that inflation pressures remain elevated despite growing optimism around artificial intelligence and productivity gains.
The accounts of the European Central Bank's April policy meeting showed on Thursday that policymakers acknowledged that upside risks to inflation and downside risks to growth have intensified.
The Euro (EUR) is trading flat against the British Pound (GBP) on Thursday. EUR/GBP bulls are struggling to find acceptance above 0.8660 following a 0.4% rally over the previous two days, although downside attempts remain contained above 0.8655 so far.