Justin had the bombshell German CPI data on Monday:
Germany December preliminary CPI +2.6% vs +2.4% y/y expectedFor some context, it was at 2.7% back in September. Stagflation much?Ugh.
To emphasize the jump in inflation, Spain's December CPI also came in faster-than-expected price at 2.8% (2.6% expected)
This is going to cast doubt on the pace of expected European Central Bank rate cuts in 2025. Pricing is currently for around 100 basis points of cuts in 2025. EUR/USD rose on Monday with all this.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( ICYMI - German December inflation came in much higher than estimated )
Also on site :
- Trump's meeting with Sharaa, unthinkable just months ago, boosts Syrians' hopes
- Gaza Hospital Strike Draws New Attention to Israel’s Medical Facility Attacks
- Kristen Doute Makes Bold Statement About Brittany Cartwright's Heated Reaction to Nia Sanchez