Discussion
Eurozone Inflation Cools, Services Sector Remains Hot
Eurozone inflation continues its downward trend, hitting 2.2% in August, down from July's 2.6%. However, the services sector is bucking the trend, with prices rising 4.2% year-over-year, up from 4.0% in July. This could spell trouble for the European Central Bank's (ECB) inflation targets.
Analysts predict September's overall inflation rate to dip to 1.8%, while core inflation holds steady at 2.8%. Germany's inflation data, due Monday, is expected to show a slight decrease to 1.8% from 2.0%.
Post-rate cut, ECB officials have adopted a dovish tone, leading some economists to speculate on accelerated rate cuts. Keep an eye on Wednesday's Eurozone employment report for further economic insights.
More debasement is coming...
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