With inflation below target, how will this impact European rate cuts?

02/10/2024 3 min

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Episode Synopsis

Matt Henderson, Portfolio Manager, looks at the data from Europe that puts headline inflation at 1.8%, below the European Central Bank target of 2%. How will this change expectation for further cuts from the central bank? In the US manufacturing remains in contraction but the underlying data provides some mixed signals. Dominating global headlines is the conflict in the Middle East which has caused a defensive shift from investors and caused a spike in oil prices which are up 3.5%.

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