From worries about a U.S. economic 'hard landing', the debate has shifted to the potential for a so-called 'no landing', where the labour market continues to...
A look at the day ahead in European and global markets from Kevin Buckland From worries about a U.S. economic " hard landing ", the debate has shifted to the potential for a so-called "no landing", where the labour market continues to burn hot even as inflation cools.
The U.S. exceptionalism narrative, which had been on shaky footing last month, is standing tall - and king dollar is straddling its shoulders. The euro, though, continues to suffer that sinking feeling, as more ECB officials join their president, Christine Lagarde, in signalling a brisk pace of further easing. ECB policymaker Francois Villeroy de Galhau was the latest, saying the central bank will "quite probably" cut this month amid the risk of an inflation undershoot.ECB chief economist Philip Lane and board member Piero Cipollone both give speeches in Frankfurt, and peer Jose Luis Escriva speaks in Madrid.
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