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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (142265)1/6/2023 8:15:11 AM
From: Goose94Read Replies (1) of 202704
 
Nat-Gas: Eurozone Inflation Cools As Energy Crunch Eases

OK, I’ll temper my enthusiasm right off the hop – Eurozone inflation slipped to 9.2 per cent in December, down from 10.1 per cent a month before, according to preliminary data but again, that’s still a staggering number when it comes to year-over-year price pressures. The elephant in the room remains the energy crisis sparked by Russia’s invasion of Ukraine, which is stretching into its second year. All that inflation has led the European Central Bank to hike rates four times off the effective lower bound in a bid to get price pressures under control, with expectations the ECB will be forced to hike further.

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