The European Central Bank risks losing sight of corporate profits as a driver of inflation - or "greedflation" in market parlance - by zeroing in on wage growth
unlikely households and consumers across the block are feeling much benefits from this improvement. while the glimmer of good news caused some economists to question whether the european central bank might ease up on its rate hikes, the general consensus is that there will be a rate rise this month and another to come this year. not least after ecb president christina lagarde spoke about the determination to bring inflation down to 2% in a speech in hanover thursday adding that we ve made clear that we still have ground to cover to bring interest rates to sufficiently restricted levels. one other headwinds for the ecb is wage growth in the eurozone. unsurprisingly given how costly life has become thanks to inflation, workers have demanded higher wages. wage growth was 5.1% year on year in the last quarter of 2022. that is not enough to offset the cost of living but it does contribute to inflation. so the ecb will no doubt be watching that indicate as well as cpi before considering a ne
A look at the day ahead in U.S. and global markets from Mike Dolan Global investors seem keen to put the March bank shock behind them, but inflation's.