Euro zone inflation edges higher, hitting ECB's 2% target in June | Crypto Craft

  • Euro zone inflation edges higher, hitting ECB's 2% target in June

    From cnbc.com

    Euro zone inflation rose slightly to 2% in June, according to flash data from statistics agency Eurostat on Tuesday, meaning consumer prices in the single currency area are now in line with the European Central Bank’s target of 2%. Economists polled by Reuters had expected the reading to come in at 2% in the twelve months to June. Euro zone inflation had fallen by more than expected to 1.9% in May. Core inflation, which excludes energy, food, tobacco and alcohol prices, was unchanged at 2.3% in June. The closely watched services inflation print picked up to 3.3% in June, after cooling significantly in May to 3.2%, ... (full story)

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CycleGF
Jul 1, 2025 7:39am — Edited
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If Euro Zone inflation is edging higher, then US inflation should also edge higher. So, why would the interest rate expectation is lower ? Bonds interest rate yield should be going higher ... This market is strange. All the asset prices are rediculously over priced, it seems like last leg up before a 360 degree turn around
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Trader#A306
Jul 1, 2025 8:30am
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Anyway, 360 degree turn will not change its direction; I suggest 720 degree turn around would be better for this strange market.
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