Posted by WARREN MOSLER on June 10th, 2008
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| German Wholesale Prices Rise the Fastest in 26 Years |
| French Industrial Production Rises 1.4%, Led by Cars |
| Italian Production Unexpectedly Increased in April |
| ECB’s Trichet Says Price Stability Is Vital for Jobs, Growth |
| Liikanen Says ECB Must Anchor Inflation Expectations |
| Germany’s Mirow Says Inflation Concerns `Clearly Increased’ |
| Bundesbank’s Zeitler Sees IMF Raising German Growth Forecast |
| IHT: ECB Chief Warns Against Oil Shock Suppliers, Workers and |
| ECB Drains Cash From European Money Market to Counter Imbalance |
| European Bonds Fall on Higher-Rate Bets to Tackle Inflation |
All supportive of rate hikes today, and the Fed’s notion that they would cut because the US was ‘stealing demand’ via US exports is falling by the wayside.
For Central Bankers, inflation expectations are an absolute determinant.
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This entry was posted on Tuesday, June 10th, 2008 at 9:23 am and is filed under EU, News Highlights.
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