ECB Chief Economist Philip Lane signaled on Wednesday that the Iran-related oil shock may require ECB tightening to prevent higher energy prices from spreading into wages, inflation expectations, and broader consumer prices. Speaking in London, Lane laid out the intellectual case for a likely June rate hike while acknowledging the Eurozone economy is already slowing […]
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Key Takeaways US inflation pressures intensified after April PPI surged 6.0% y/y, reinforcing the “higher for longer” Federal Reserve narrative and fuelling expectations that any future Fed move could shift toward rate hikes rather than Read more…
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Key Highlights GBP/USD was rejected near the 1.3650 resistance. It traded below a bullish trend line with support at 1.3580 on the 4-hour chart. EUR/USD could struggle to stay above 1.1650 if it remains below Read more…