All articles tagged with #eurozone inflation
Eurozone inflation dropped below the ECB's 2% target to 1.9% in May, the first time in seven months, increasing the likelihood of interest rate cuts this year as economists predict further easing due to stronger euro, cheaper commodities, and a softer labor market.
Investors are bracing for more turmoil in the banking sector after the collapse of two U.S. lenders earlier this month and last weekend’s forced takeover of troubled Credit Suisse by rival UBS and the writedown of some of its contingent convertible bonds. Upcoming U.S. data could show how much the market turmoil is making recession more likely. Eurozone inflation data and PMI data out of China will also be in focus.