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ECB should start cutting rates in June if inflation keeps falling, De Cos says

The European Central Bank should start cutting interest rates in June if inflation continues its gradual decline as expected, European Central Bank policymaker Pablo Hernandez de Cos said on...

ECB's de Cos: Should start cutting rates in June if inflation slows down as expected

ECB Should Start Cutting Rates in June if Inflation Keeps Falling, De Cos Says

ECB's de Cos: Rate cut appropriate in June if inflation outlook maintained

ECB Governing Council member Pablo Hernandez de Cos highlighted that despite the positive trend in declining inflation rates, outlook is clouded by rising energy costs, persistent high inflation in the services sector, and ongoing geopolitical tensions.

Dollar Rebounds on Strong Employment Cost Data, Euro Supported by GDP and CPI Core

Dollar's rebound is picking up momentum in early US session, bolstered by latest Employment Cost Index which rose by 1.2% in Q3, marking the fastest pace since Q3 2022. This unexpected acceleration in employment costs adds to a series of economic data that suggests the US economy remains hotter than preferred. Especially, persistently elevated services inflation and tight labor market are holding back Fed's plan for interest rate cuts. With this economic backdrop, Fed Chair Jerome Powell is expected to temper market expectations tomorrow about the feasibility of three rate cuts this year, reinforcing the notion that Fed would maintain a more cautious approach to monetary policy easing.

De Cos Says ECB June Cut Looks Appropriate If Price View Remains

Europe set for June interest rate cut as inflation stabilises

The European Central Bank looks set to become the first among global peers to begin cutting interest rates after consumer price inflation held steady in April.

Yen retreats after US data as eyes turn from Tokyo to Fed

The yen stumbled against the dollar on Tuesday, relinquishing some of its sharp gains in the prior session sparked by suspected intervention by Japanese authorities, while a flurry of U.S. economic... -April 30, 2024 at 11:42 am EDT - MarketScreener

Yen retreats after U.S. data as eyes turn from Tokyo to Fed | Honolulu Star-Advertiser

Yen falls after US labor costs data as eyes turn from Tokyo to Fed

The yen fell against the dollar on Tuesday, giving back a chunk of its sharp gains in the prior session sparked by suspected intervention by Japanese authorities, while U.S. economic data on... -April 30, 2024 at 03:40 pm EDT - MarketScreener