European Central Bank President Christine Lagarde stated that the disinflation process is progressing well, despite ongoing wage pressure risks. She noted that recent economic activity indicators have been somewhat disappointing and that financing conditions continue to be restrictive.
ecb president highlights progress in reducing inflation below target level
European Central Bank President Christine Lagarde expressed satisfaction with the progress made in reducing inflation, which has fallen below the 2% target. Speaking at an Atlantic Council event in Washington, she noted a significant decline in consumer-price growth from a peak exceeding 10%.
ecb meeting highlights inflation trends and consumer sentiment shifts
The ECB is set to meet, with expectations that final September Eurozone consumer price data will show a significant drop in inflation. Meanwhile, Japanese export data has shown unexpected weakness, and US retail sales reflect a shift towards more experiential spending. Manufacturing sentiment continues to indicate contraction, raising questions about its alignment with actual economic conditions.
eurozone inflation falls as central banks navigate economic uncertainty
The ECB is set to meet, with final September Eurozone consumer price data expected to show a significant drop in inflation. Meanwhile, Japanese export data has revealed unexpected weakness, contrasting with shifting consumer spending trends in the US, which still favor leisure activities. Upcoming US industrial output and manufacturing sentiment data will provide further insights into the economic landscape, amid ongoing concerns about the disconnect between sentiment and reality.
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