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The euro goes from pricing in higher rates to pricing in abysmal growth
Get your umbrella because the message from Christine Lagarde today was that it's going to be an ugly economy in Europe for awhile.
She touted a mild recession but also strongly hinted at rates rising above 3% and that's into an economy that's struggling with high energy costs.
In time, it will also be struggling with a high debt burden. Italian 10-year yields rose 25 bps today to 4.11% and it's going to be tough for anywhere in the eurozone to bring down deficits until energy is s... Read More
Posted: Dec 15 2022, 15:39
Author Name: forexlive
Views: 110296