Don’t let it be said we’re not down with the kids here at ING.
Are central banks having a 'brat summer'? Who says we don’t ask the important questions here at ING?And no,I didn’t have a clue what it meant either, so this economist hit Google so you don't have to. The CharliXCX-inspired phenomenon, which has formed an unlikely crossover with the US election, throws up phrases like “melancholic self-reflection”, “a bit volatile”, “maybe says some dumb things sometimes” and “wears old, corded Apple headphones”.
ahead in developed markets United States FOMC meeting : Stronger-than-expected growth and hotter-than-predicted inflation in the 2Q GDP report have failed to dent market expectations of interest rate cuts from September. The Fed is widely expected to lay the groundwork for such a move at next week’s FOMC meeting as they express growing confidence inflation is on the path to 2% and that economic challenges are more and more of their focus.
ahead for Central and Eastern Europe Poland Inflation :Household electricity/gas prices are no longer frozen at 2022 levels, whichmeant substantial increases in consumer bills from July. We estimate the overall impact on CPI was 1.3-1.5 percentage points. That means headline inflation, which has been close to target, probably jumped to 4.5% and higher energy prices will keep it elevated for the next 12 months.
ahead: Central banks’ ‘brat summer’
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