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LearningECB's Nagel says several more rate hikes are needed; not certain that rate hikes will peak this summer Peak rater must be held until there is no doubt that inflation is returning to 2% in the near-future. Underlying price pressures are too high and show no signs of abating. Cautiously optimistic over German growth prospects this year. s
ECB's Lagarde says rate hikes are being transmitted forcefully to financing conditions for firms and households The full effects of our monetary policy measures are starting to materialise. Effects of monetary policy tightening on real activity and inflation can be expected to strengthen in the coming years. Price pressures remain strong. No clear evidence that underlying inflation has peaked.US Factory Orders MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. 0.9%, Rev. 0.4%)

Darren Krett

Monday 5 June 2023

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US Factory Orders MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. 0.9%, Rev. 0.4%) facebookUS Factory Orders MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. 0.9%, Rev. 0.4%) twitterUS Factory Orders MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. 0.9%, Rev. 0.4%) linkedin

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ECB's Nagel says several more rate hikes are needed; not certain that rate hikes will peak this summer Peak rater must be held until there is no doubt that inflation is returning to 2% in the near-future. Underlying price pressures are too high and show no signs of abating. Cautiously optimistic over German growth prospects this year. s

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