Fed Chair Powell, when asked whether calling it a skip or a pause, says what we are calling it is maintaining the FFR at the current level; policy hasn't been very restrictive for very long - Sintra conference

ECB President Lagarde says there is still policy ground to cover; ECB is data dependent, and if baseline stands, ECB will likely hike again in July Says September decision will also be data dependent

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Good morning everyone. Darren at Leviathan Financial. So we had poor news outta China as the industrial complex there put out, weaker than expected numbers for the period of January to May 19% down on the previous year. We&#8217;ve also had E c b President indicate that there will be further, uh, interest rate rises on the horizon, , to fight the battle against inflation. 
However, having said that, consumer confidence was. , very strongly out of the US sending stock markets soaring so, with the European bourses also showing up about 1% at the moment. , you&#8217;re gonna come in. The s and p is slightly off., less than 0.1%, uh, and sticking above that 4,400 level, after a big rally yesterday. 
Uh, the focus you should have on is basically there are three numbers, uh, C P I ,PPI and p c e, , numbers. PCE is out on Friday. So keep an eye on that. Basically, inflation has been coming down, so that has been the trend. , numbers coming out today, got the retail inventories. Fed Chairman Powell speaking at eight 30 will be interested to see what he has to say, , to give indication as to whether or not there is likely to be another hike of the July meeting, , which is currently what we are building into the market. 
So anyway, so for me, good luck everyone and have a great day.

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morning-mnute-june-28th

MORNING MNUTE JUNE 28th

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US CONSUMER CONFIDENCE IS ON THE UP, DESPITE MANY HEADWINDS THE BELIEF IS THAT WE ARE WINNING THE FIGHT AGAINST INFLATION

MORNING MINUTE JUNE 28th

ECB President Lagarde (Q&A) says European banking sector is much stronger than it was in 2008

Fed Chair Powell says we will take a data dependent approach to determine extend of further rate hikes

ECB President Lagarde says there is still policy ground to cover; ECB is data dependent, and if baseline stands, ECB will likely hike again in July Says September decision will also be data dependent

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