This is such a wild paradox: Powell sucks, but not nearly as much as the BOC, BOJ, or ECB. t.co/ZWcH6aLcNU
— RJR Capital (@RJRCapital) June 6, 2024
The European Central Bank (ECB) recently made a decision to cut interest rates by 25 basis points. Specifically, the main interest rate was reduced to 3.75%, while the main refinancing rate and the marginal lending facility rates were also adjusted.
B/c the two are related… t.co/5GohABBJJj
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 6, 2024
🇪🇺 *LAGARDE: DOMESTIC INFLATION REMAINS HIGH – BBG
*LAGARDE: WAGES RISING AT ELEVATED PACE
*LAGARDE: LABOR COSTS WILL LIKELY FLUCTUATE DUE TO ONE-OFFS
*LAGARDE: WAGE GROWTH WILL MODERATE OVER COURSE OF YEAR
*LAGARDE: PROFITS ABSORBING PART OF WAGE INCREASES— Christophe Barraud🛢🐳 (@C_Barraud) June 6, 2024
The ECB just cut interest rates for the first time since 2019. Zerohedge calls it the start of another coordinated easing cycle.
Perhaps. But, here is an IQ test for bulls.
Which one of these is different than the others? pic.twitter.com/dCgIcrtHpG
— Mac10 (@SuburbanDrone) June 6, 2024
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