Ian Reynolds
Christine Lagarde, President of the European Central Bank
Super Hawkish ECB stunned markets this week by finally accepting that inflation is a massive problem and that it needs to be addressed.
"High inflation, tighter financing conditions dampen spending and production."
"Global growth slowing also due to tighter financial conditions."
"Weaker economy could lead to a somewhat higher unemployment rate."
"Job creation is expected to slow."
"Fiscal measures could exacerbate inflationary pressures."
"Price pressures are strong across sectors partly due to high energy costs."
"Supply bottlenecks are gradually easing."
"Depreciation of Euro has added to inflation."
"Wage growth is strengthening."
In Case You Missed It
ECB Raises Rates 50bps and Flags Higher For Longer
FED Raises Rates 50bps and Flags 2% Inflation Target
Bank of England Raises Rates 50bps with CPI at 10.7%
Philly Fed Admits US Jobs Overstated by 1.1m
FED's Kashkari: Govt Debt and Interest Payments Are Not Our Problem (41:25)
You Heard It Here First
US CPI Weighting Changes Feb 2023
US Begins Buying Back Oil For Strategic Reserve
The Fed is Draining US$2,000,000,000,000 Every Single Day
Pennsylvania State Representative Re-elected Despite Being Dead
'We are proud to see the voters to continue to show their confidence in him and his commitment to Democratic values by re-electing him posthumously,' Pennsylvania House Democrats said
https://www.foxnews.com/politics/pennsylvania-state-representative-reelected-despite-being-dead
