Just questioning the last line BR you think they are going to leave rates alone and that is going to be the tailwind?
Self confessed punter, but everything I've seen leads me to believe they will raise again. Household wealth is back to where it was before they started raising due to the housing market marching stoically north, Unemployment has barely flinched, we are only .3 above the neutral cash rate so barely restrictive compared to other periods of inflation and we are lagging compared to all the other central banks so if we don't raise and the dollar drops further we are just going to be importing inflation again. I think they will have to keep going despite the headline rate slowing as its still above target.
Just not sure they are done yet and that it will be much of a tail wind to EUR. If I'm wrong I'll be happy about it though.
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Just questioning the last line BR you think they are going to...
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