European banks are not acting like either inflation is breaking back out or that the economy is going to be fine and hit its widely-expected soft landing. Instead, what they are doing is the other side of the weak euro. Both are further corroborated by the latest from France and especially Switzerland, with another warning coming from the Swiss on more than "inflation."
Eurodollar University's Money & Macro Analysis
Bloomberg Traders See Euro Hitting Dollar Parity as Soon as This Month
https://www.bloomberg.com/news/articles/2025-01-07/traders-look-past-euro-s-bounce-for-parity-as-soon-as-this-month
Bloomberg French Government Tempers Budget Goal to Shelter Economy
https://www.bloomberg.com/news/articles/2025-01-06/france-aims-for-2025-deficit-between-5-and-5-5-of-gdp
Reuters Swiss inflation falls again, pointing to more central bank rate cuts
https://www.reuters.com/markets/europe/swiss-inflation-falls-again-pointing-more-central-bank-rate-cuts-2025-01-07/
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Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.