Jerome Powell from the Fed and Christine Lagarde from ECB speaks today at banking ECB forum. Here are some of the comments:
- The US economy is still strong, and labour market came in better balance. Probably US inflation has peaked
- Inflation may return to 2% late next year or the following year
- Able to ‘to take our time and get this right’
- Need to see more data similar to what we've been seeing recently
The main line from Jerome Powell’s comments is that disinflation appears to be resuming -- a conclusion reached after recent benign inflation figures.Powell does note, though, that the Fed can take its time in ensuring that inflation is moving towards target, but he also noted that a marked deterioration in the labor market could prompt some action.
Economic calendar: Canadian labor market and Michigan Index (06.02.2026)
🔵 ECB Press Conference (LIVE)
BREAKING: ECB maintains rates in line with expectations!💶
BREAKING: Bank of England holds rates as expected 📌 GBPUSD ticks down on dovish vote split 📉