Just in Time for ECB Rate-Hike Meeting: Eurozone Services Inflation Spikes to New Record. Overall Inflation Re-Accelerates by Wolf Richter • May 2, 2023 • 87 Comments These nasty surprises just keep coming when inflation is broadly entrenched in the economy.
Defying Pivot-Mongers, ECB Hikes by 50 Basis Points, QT Continues, Explains Tools to Calm a Bank Panic while Fighting Inflation Simultaneously by Wolf Richter • Mar 16, 2023 • 129 Comments A hugely important concept: “There is no trade-off between price stability and financial stability.”
ECB Balance Sheet Drops by €1 Trillion from Peak: QT Milestone by Wolf Richter • Mar 7, 2023 • 92 Comments Step 1 of QT is operating at full speed. Step 2 of QT is just starting.
Inflation Dishes Up Another Nasty Surprise: Eurozone Core CPI without Energy Spikes to Record, Services CPI Spikes to Record by Wolf Richter • Mar 2, 2023 • 102 Comments What it looks like when inflation gets deeply entrenched in the broad economy, even as energy inflation backs off.
Euro Inflation without Energy Hits Record, Services CPI Hits Record. Subsidies, Drop in Energy Push Down Overall CPI by Wolf Richter • Jan 6, 2023 • 81 Comments The ECB reacts to raging inflation, unloads a massive chunk of assets, hikes rates.
Status of US Dollar as Global Reserve Currency: USD Exchange Rates Hit Foreign Exchange Reserves by Wolf Richter • Jan 1, 2023 • 157 Comments Complicated times for the dollar. The Chinese Renminbi, a distant also-ran, loses ground.
ECB’s Balance Sheet Plunges by €492 billion in One Week and by €850 Billion from Peak by Wolf Richter • Dec 28, 2022 • 86 Comments Monetary Rug-Pull? December dump in the markets anything to do with global QT?
Stocks Open Eyes, See Fed Pivot Hawkish; ECB Hike into Recession, Start QT; BoE Hike into Recession; SNB Hike, Sell Foreign Currency Assets by Wolf Richter • Dec 15, 2022 • 149 Comments ECB’s assets drop by €800 billion. Mexico hiked too today, way ahead of the Fed, keeps peso from falling against USD.
Euro Inflation without Energy Rages to New Record. Overall CPI Second Worst Ever by Wolf Richter • Nov 30, 2022 • 133 Comments The ECB’s horror show.
Horror-Show Inflation in Euro Countries: Overall 10.7%, Germany 11.6%, Without Energy 6.9% by Wolf Richter • Oct 31, 2022 • 157 Comments “Defeating inflation is our mantra, our mission, our mandate,” that’s “why we have to raise interest rates”: Lagarde now after years of money-printing.
