Lane, the ECB's chief economist gives a question mark on the May decision, pointing out that it will depend on inflation perpsectives, including the underlying ones. In view of this, Lane stresses that this is why the ECB does not give guidance for the next meeting and everything depends on the data and its outlook. On the other hand, he says that if the data performs as in the projections, May should bring a hike. However, it is unclear what kind. The market, on the other hand, is currently pricing that it should be a smaller hike, or 25 bps.

The EUR is not reacting to these reports, although we have seen slight increases on the pair in recent minutes. Further strong declines in US and European yields are progressing. U.S. yields are down 2.8 basis points today, and European yields are down 2.7 basis points. Source: xStation5
Daily summary: A historic day for precious metals; SILVER loses 30%; USD gains 💡
EURUSD down 0.5% amid US PPI inflation report🚨
Daily Summary – Bessent Rescues the Dollar, Fed Delivers Hawkish Pivot
BREAKING: FED maintains the rates!↔️🚨