ECB's Nagel says ECB mandate requires to act if inflation expectations de-anchor; "we'll see in June"; baseline includes two rate hikes
ECB's Nagel's comments highlight a need for vigilance on inflation expectations, suggesting that the ECB is prepared to increase rates if those expectations become unanchored.
Italian Industrial Production MoM (Mar) M/M 0.7% vs. Exp. 0% (Prev. 0.1%)
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ECB's Nagel says ECB mandate requires to act if inflation expectations de-anchor; "we'll see in June"; baseline includes two rate hikes
US Treasury Secretary Bessent says did not make specific fiscal policy requests
Ukrainian President Zelensky says Ukraine and Palantir (PLTR) can be "useful to one another"
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His mention of a baseline including two rate hikes indicates a proactive rather than reactive approach, which may signal tightening policies ahead. This could impact EUR strength and influence fixed-income markets as traders adjust expectations for future rate paths.
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