FX Daily: Lagarde faces a harder test than Powell
The world’s two most prominent central bankers are both speaking at Jackson Hole today
FX Daily: A textbook reaction to yield curve inversion
Markets have continued to push their Fed peak rate expectations further, and now see 4.50% in March 2023. A more inverted yield curve has triggered a…
EUR and ECB Crib Sheet: Hawkish expectations vs Lagarde’s patience
We think that ECB President Christine Lagarde will stick to the view that inflation will ease later this year and keep pushing back against a 2022 hike,…
New ECB president Christine Lagarde gives her first policy speech but remains tight-lipped on monetary aspects
