Powell keeps a mostly unchanged easing bias intact despite signs of re-accelerating inflation. Lagarde will have the opportunity to make the public pivot by the ECB today.
Good Morning America: A global coordinated “inflation has peaked” narrative from major central banks?
The extent of hikes will now be 100% data-dependent and guided by how lags of former hikes will hit the economy in both the US, the UK and the Euro zone. This almost felt like a global coordinated “inflation has peaked” narrative from central banks. What are the ramifications?
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