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ECB’s Schnabel lobbies against back-to-back rate cuts
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Eurozone Inflation Rises as ECB Considers Rate-Cut Path
Eurozone inflation picked up in May as prices of services rose more rapidly, but that is unlikely to deter the European Central Bank from proceeding with a heavily signaled interest-rate cut next week.The Wall Street Journal - World -
Eurozone inflation rises as ECB considers rate-cut
Eurozone inflation picked up in May as prices of services rose more rapidly, but that is unlikely to deter the European Central Bank from proceeding with a heavily signaled interest-rate cut next week.MarketWatch - Business - Inflation -
Inflation data muddles ECB’s rate cutting trajectory
Also in this newsletter: Donald Trump found guilty on all counts in ‘hush money’ trial, Cyril Ramaphosa’s future in doubt, Japan’s $62bn support for yen provides little reprieveFinancial Times - World - Inflation -
Inflation Upside Kicks ECB Summer Rate Cut Down the Road
Higher-than-expected eurozone inflation in May comprehensively kills off any hopes of a second European Central Bank interest-rate cut over the summer, Pantheon Macroeconomics economist says.The Wall Street Journal - World -
Mortgage rates snap three-week pullback, average rate on 30-year loan back above 7%
The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers at a time when the U.S. housing market is already slowing under the strain of elevated home loan borrowing costs and rising pricesABC News - Top stories - Mortgage -
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
The European Central Bank is widely expected to cut interest rates next week.CNBC - Business -
Inflation in 20 countries that use the euro rises to 2.6% in May, likely won't stop European Central Bank rate cut
Inflation in 20 countries that use the euro rises to 2.6% in May, likely won't stop European Central Bank rate cutABC News - World -
Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut.
Inflation ticked up to an annual 2.6% in Europe in MayABC News - World -
KBW cuts Valley National rating and upgrades UMB in bank balance sheet study
KBW lifts UMB Financial to “outperform” for the first time in 20 years, while Valley National gets cut to “market perform” as analysts weigh capital structures.MarketWatch - Business -
The AI lobbying boom
Friday, May 31, 2024 LEADING THE DAY The booming business of AI lobbying Image © Greg Nash It’s not your imagination: The number of lobbyists who have gotten in on the artificial intelligence (AI) business really is booming. A new report from the ...The Hill - Politics
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