Sees at least three rate hikes this yearMarch is a reasonable date to start rate hike, balance sheet runoff should begin „soon after“There is a risk inflation is likely to be elevated for extended period of timeFed needs to respond directly, clearly, and aggressivelyA fast balance sheet runoff would

Prior 98.4That’s a modest increase in small business sentiment last month despite growing concerns on inflation and worker shortages. The survey also showed that the share of owners raising average selling prices fell slightly from 59% to 57% in December. So, that is perhaps a signal that businesses

Inflation outlook extraordinarily uncertain
Risks are skewed toward higher inflation than now expected

That is some reassurance that he will be keeping the German tradition alive on policy shop talk. It will be interesting to see how his view challenges the rest of the policymakers at the

European equities are pulling higher with gains sitting around 1% across the board. This comes as US futures are also nudging higher with S&P 500 futures now up 0.4%, Nasdaq futures up 0.6%, and Dow futures up 0.3%. As noted earlier:“The risk mood will be a key driver of trading sentiment today foll

We understand that rising prices are a concern for many peopleAnd we take that concern very seriouslyPeople can trust that our commitment to price stability is unwaveringThat is critical to firmly anchor inflation expectations and vital for confidence in the euro currencyHer full speech can be found