UBS On-Air: Paul Donovan Daily Audio 'Inflation anticipation'
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At the risk of tempting fate, financial markets seem to have got the past week’s hysteria out of their systems and are prepared to go back to looking to economists for guidance. Unfortunately, there is relatively little economic news today—although inflation data is likely to be
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4 itemsUBS On-Air: Paul Donovan Daily Audio 'Inflation (but not the really exciting sort)'
The Eurozone is set to release flash consumer price inflation data for February, with expectations firmly rooted in stability, indicating that inflation concerns are muted. Per the full note from UBS, there is no indication of an affordability crisis in Europe, especially when compared to the situation in the U.S. While the data remains generally benign, European governments have implemented policies that tend to suppress inflation rather than exacerbate it. Added to this, the latest producer price index data from the U.S. reveals underlying inflation trends that could impact future Federal Reserve policy as it contemplates interest rate adjustments.