“Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says”
January 22, 2024
“…Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs.
Christine Lagarde, faced with market expectations for rate cuts as soon as March or April and a bank meeting next week, underlined the ECB’s intent to keep its benchmark rate high for “as long as necessary” until it’s clear that inflation is back to the goal of 2%…”
https://finance.yahoo.com/news/cutting-interest-rates-too-soon-140233563.html
Who’s been saying don’t expect a rate cut this entire time? Me. I’m going to keep hammering this. I just want people to know that market speculation is just that. What the markets predict about the FED is not a guarantee. None of these news articles ever say that. I know this article is talking about Europe but they tend to follow / copy the U.S.