Dustin Reid on fallout from recent bank failures and the Fed’s response
The Invested
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Philip Lane's Tune at the ECB Has Changed
The ECB is going to need to continue its hiking cycle. Its rates, I think, are quite a bit lower than where they probably need to be given the current pace of inflation. Now, if you have a major risk off event slash credit event, you can have a real impact on output and growth. And it's clear now that the ECB is a little bit more concerned from its own internal forecast around inflation becoming structural particularly on the core side.
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