Later today we have the Federal Reserve meeting minutes release which will give further insights into how close we came to a 50bps hike in February. A further positive for the Euro Area but a sign that challenges remain.įor all market-moving economic releases and events, see the DailyFX Calendar FOMC MEETING MINUTES The Ifo Business Climate for February continued to tick higher with Ifo Economists stating that 45.4% of companies complained about supply chain bottlenecks in February (compared to 48.4% in January) while warning that a German recession will not be avoided but is expected to be mild.
This morning brought German Inflation data for January which ticked higher from December backing up comments from ECB President Christine Lagarde for a 50bps hike at the ECB’s upcoming meeting.
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