EZ Core CPI Flash Estimate y/y

Euro zone inflation fell to 1.8% in September, coming in below the European Central Bank’s 2% target, flash data from statistics agency Eurostat showed Tuesday. The reading was in line with the expectations of economists polled by Reuters, after annual inflation hit a three-year-low of 2.2% in August. The core inflation rate, which excludes more volatile energy, food, alcohol and tobacco prices, came in at 2.7%. It was forecast to remain unchanged from the August reading of 2.8%. Services inflation in the euro zone eased to 4% in ...

The coming week’s main focal points are likely to be US nonfarm payrolls and wages, Eurozone CPI, and potentially key central bank speak from Federal Reserve and ECB officials. As the seasons shift to autumn in the northern hemisphere, so may the seasonal adjustments to nonfarm payrolls become more favourable and—if so—then in a way that may temper concerns about the US job market and how quickly the FOMC should be cutting rates. Watch for key addresses by Powell and Lagarde plus other officials, and Colombia’s central bank will ...

In the middle of last week, the Fed funds futures discounted 103 bp of cuts this year. There was some movement but after Fed Chair Powell’s, but the market finished the week with 104 bp of cuts priced into the Fed funds futures curve. The two-year note yield settled at a three-week low and the dollar slumped. The Dollar Index's 1.7% lost last week, its fifth consecutive drop and the largest weekly decline of the year. Although the euro rose to $1.12, its best level since July 2023, and sterling appreciated to $1.3230, its best level ...

Who says we don’t ask the important questions here at ING? And no, I didn’t have a clue what it meant either, so this economist hit Google so you don't have to. The Charli XCX-inspired phenomenon, which has formed an unlikely crossover with the US election, throws up phrases like “melancholic self-reflection”, “a bit volatile”, “maybe says some dumb things sometimes” and “wears old, corded Apple headphones”. I know what you’re thinking: that doesn’t sound anything like our beloved central bankers. Anyway, just be grateful that Charli ...

Headline inflation in the euro area dipped to 2.5% in June, the European Union’s statistics agency said Tuesday, while the closely watched core and services prints held steady. The headline figure was in line with the expectations of economists polled by Reuters. In May, inflation had nudged 0.2 percentage point higher, to 2.6%. Core inflation, excluding the volatile effects of energy, food, alcohol and tobacco, stayed at 2.9% from the prior month, narrowly missing the 2.8% economists had forecast. The rate of price rises in services ...