Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
Why Eurozone Inflation Is Still Sticky at 3.2 Percent
Eurozone inflation hit 3.2% in May, driven by energy costs from the Iran war. But core services inflation remains stubbornly above 4%. Lucas and Luna unpack why the ECB can't declare victory, how the 'double scar' of past price shocks is changing consumer behavior, and what the latest job openings data from the US tells us about wage pressure spilling over to Europe. They also look at why southern European economies are outperforming Germany, and what that means for the ECB's next move. If you've been wondering why your grocery bill and your rent both keep creeping…
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