Lagarde opening statement: Risks to economic data remain tilted to the downside

Economy likely stagnated in Q4Some surveys point to a pickup in 2024Demand for labor is slowingUpside risks to inflation include heightened geopolitical tensions, including in Middle EastMarket interest rates have moved broadly sideways since our last meetingWe are determined to ensure inflation returns to our 2% target in a timeline mannerWe will continue to follow a data-dependent approachThere isn't much here and no hint on rate cuts. This article was written by Adam Button at www.forexlive.com.