Hints and tips:
Related Special Reports
...The ECB will want to “minimise the risk of being caught on the wrong foot by an upward surprise in inflation, all the more as the Fed became more hawkish as of late”, said Martin Wolburg, economist at Italy...
...Investors are betting the ECB will start cutting rates as early as April. But policymakers said it was premature to discuss such a move at their meeting last month....
...Growth in the services sector offset weakness in manufacturing to lift S&P Global’s monthly gauge of eurozone corporate activity for April above the forecasts of most economists....
...The flash composite purchasing managers’ index for the eurozone, tracked by economists as an early gauge of economic fortunes, rose to an 11-month high of 51.4 in April, up from 50.3 a month earlier....
...katie.martin@ft.com...
...“The exact date of the first cut — April or early June — has no existential importance,” he added....
...I mean, it really shows kind of how far we’ve come, right, that we flipped from in June of 2023 recession being the kind of primary concern to now in April 2024, we’re worried about inflation all over again...
...‘Fashion Faux Parr’ by Martin Parr is published by Phaidon Press on April 3 Find out about our latest stories first — follow @financialtimesfashion on Instagram — and subscribe to our podcast Life and Art...
...His comments on Wednesday indicate he may be prepared to argue for cutting rates at the central bank’s next meeting in April, if data on inflation and wages indicate that price pressures continue to fade...
...The ECB next meets to decide policy on April 11....
...But what they are also saying is that prior to April 14th, they thought there was a roughly 5 per cent chance of direct conflict between Israel and Iran....
...Katie Martin (“The great bet on rate cuts is off”, Opinion, April 18) suggests a period of deep introspection for those wrongly anticipating early rate cuts....
...He added that the “time has come” to start cutting rates, even if the “exact date of the first cut — April or early June — has no existential importance”....
...That would be markets columnist Katie Martin and US financial commentator Robert Armstrong. Robert ArmstrongGreetings....
...“Therefore, the PMI price news is not enough to change the ECB’s apparent plan to cut rates in June rather than April.”...
...Martin Arnold Did US hiring slow in February?...
...But he admitted the slowdown was “unlikely to be enough” to convince the ECB that wage pressures were moderating fast enough to justify cutting rates in April as he had forecast....
...Martin Wolf lists many advantages of democracy over autocracy (Opinion, April 3) but omits an important one....
...“Now you’ve got the ECB saying April is on the cards for a cut and if not definitely by June,” said William Vaughan, associate portfolio manager at Brandywine Global....
...earliest it is likely to cut rates, arguing that it will only have sufficient data to know whether inflationary pressures from rising wages continued to ease in the first quarter after its next meeting in April...
...Kamil Kovar, an economist at Moody’s Analytics, said the “hot reading” on services inflation “makes a March rate cut [by the ECB] a pipe dream, and raises the bar for a cut in April....
...I caught up with Letta in Brussels this week — read on for what hints I could get about what his report will say (it is due to be presented at a special summit of EU leaders in April)....
...Investors think the fall in inflation makes it more likely the ECB — which targets 2 per cent inflation — will cut rates by April....
...“A significant drop in services inflation — signalling marked weakness in domestically generated inflation — would have been required to bring an April cut back to the table.”...
International Edition