Reply To: Traders Market Weekly: US Elections, Rates and Inflation

#47058
Truman
Participant

Final October Services PMI readings from Italy, Spain, and Germany improved, but remained in contractionary territory.
European Central Bank President Lagarde repeated that inflation is too high, and that the ECB has a long way to go with its rate hikes.
The Italian government is reportedly looking to spend more than EUR15 bln in its 2023 budget to offset high energy costs.
Bank of England Chief Economist Pill said that a slowdown in the domestic economy is needed to contain inflation.