Fed's Hammack (voter) it is reasonable to keep rates steady for now, but if recent trends continue it could be appropriate to act against high inflation
German Chancellor Merz says meeting with Ukrainian President Zelensky is in E3 format, open to dialogue by the only thing missing is willingness by Russian President Putin
The EU is advancing a proposal that would force companies to avoid over-dependencies in their supply chains, with one proposal would be for companies to shift chains if 40% of stocks come from one source
Fed's Hammack (voter) it is reasonable to keep rates steady for now, but if recent trends continue it could be appropriate to act against high inflation
Newsquawk European Market Wrap - 5th June 2026
BoE's Dhingra says it is very hard to say what her future rate decisions will be, it depends on energy prices
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- "While I never make too much of any one data point, today's jobs report reaffirms that the labor market appears to be roughly in balance. The unemployment rate remaining stable at 4.3% is right around my definition of full employment."
- "By contrast, inflation is telling a different story. It’s high, moving higher, and I believe persistently high inflation is the bigger concern."
- "For today, it’s reasonable to keep rates steady given the uncertainties around the economic outlook. But if recent trends continue, it may soon be appropriate to act."
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