ECB's Schnabel: There is evidence that sentiment indicators are bottoming out

The near-term economic outlook remains weak in line with our projectionsFinancial conditions have loosened more than projected, while energy prices have been weakerThe drop in unemployment to a historical low confirms continued strong resilience in labour markets, which is broadly in line with the December 2023 staff projectionsAs inflation falls, we continue to expect a gradual decline in wage growth in 2024 This article was written by Adam Button at www.forexlive.com.

Jan 10, 2024 - 19:55
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ECB's Schnabel: There is evidence that sentiment indicators are bottoming out
  • The near-term economic outlook remains weak in line with our projections
  • Financial conditions have loosened more than projected, while energy prices have been weaker
  • The drop in unemployment to a historical low confirms continued strong resilience in labour markets, which is broadly in line with the December 2023 staff projections
  • As inflation falls, we continue to expect a gradual decline in wage growth in 2024
This article was written by Adam Button at www.forexlive.com.
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