- When we look at wage data right now, it’s not declining
- We will have a lot more data in 2024 and we need that to determine if declining inflation is sustainable
- We have to keep our guard up
- Decision on PEPP was shared by a “very, very large majority”. Some would have liked a different taper, earlier or later
- We did not discuss rate cuts at all
Lagarde said that there’s space between rate hikes and rate cuts. “You don’t go from solid to gas without going through the liquid state.” … as any science teacher will tell you, that’s not true. It’s called sublimation.
This article was written by Adam Button at www.forexlive.com. Source