Swiss Economicblogs.org
The anticipation is nearly over. The softer than expected preliminary EMU inflation figures encourages expectations for the more aggressive range of actions by the ECB tomorrow. Draghi has claimed that movement toward the inflation target was too slow. Today's data showed a 0.1% increase year-over-year in the headline rate. The market had anticipated a 0.2% increase. Although the ECB targets headline inflation, it clearly also tracks core inflation. Core price increases slowed to...
Read More »The Wait is Nearly Over, and the Dollar Catches a Bid
