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ECB's Schnabel:Wage growth has picked up substantially.Concerns about second-round effects

ECBs Schnabel:wage growth has picked up substantiallyas a result there are concerns about second-round facts on inflationit seems fiscal policy is to expansionaryinflation expectations are stubbornly highThe EURUSD moved back above the 100-day moving average 1.0877 during the Powell comments. However, that may have also been due to the deteriorating talks in Washington which would potentially slow growth. Rates went lower. USD moved lower. Powell did say inflation was too high but he also sai... Read More

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Schnabel wage

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Posted: May 19 2023, 16:16

Author Name: forexlive

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