ECB’s Panetta: Inflation data today is neither good nor bad
globalreutersMay 31, 20241 Mins read He says that the numbers are in line with their forecast still. Well, it is pretty much a case of anything to just get over the line with next week’s rate cut. Then, we’ll see how things play out and their appetite to go any further.
In terms of rates pricing, not much has changed. Traders are still seeing ~56 bps of rate cuts for the year. It was ~57 bps before we got to the CPI report earlier.
This article was written by Justin Low at www.forexlive.com.
Recent Posts
Categories
Related Articles
Bitcoin fades most of the strategic reserve pump
Bitcoin broke through the 61.8% retracement of Sunday's surge higher and is...
Trump re-iterates that tariffs will go on external goods on April 2
Trump is talking about tariffs again. He says the reciprocal tariffs slated...
US Dollar tumbles as Ukraine peace talks gain traction
The US Dollar Index (DXY), which tracks the performance of the Greenback...
Surprise decision: OPEC will go ahead with April oil output increase (confirmed)
OPEC+ was expected to delay a planned April oil output increase but...
Leave a comment