For those in the Soft Landing USA camp, there was everything in today's Q4 2023 GDP report. Growth rate, consumers, an even more solid dose of disinflation. Near perfect Goldilocks. So why wasn't it taken that way in the market? Some answers from Europe.
Eurodollar University's Money & Macro Analysis
Bloomberg Lagarde Says It’s Likely ECB Will Cut Rates in Summer
https://www.bloomberg.com/news/articles/2024-01-17/davos-2024-lagarde-says-agressive-rate-cut-bets-don-t-help-ecb
ECB Monetary Policy Statement
https://www.ecb.europa.eu/press/pressconf/2024/html/ecb.is240125~db0f145c32.en.html
Bloomberg Lagarde’s Talk of Summer ECB Cut Sees Traders Bet on April
https://www.bloomberg.com/news/articles/2024-01-25/ecb-s-lagarde-stands-by-comments-on-likely-summer-rate-cut
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
What is Eurodollar University?
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.