No ‘Pausing’ For A Determined ECB

The Fed isn't the only game in town this week. In addition to the June FOMC meeting, traders will be treated to an ECB gathering which will surely result in another rate hike. Staying apprised of ECB policymaker interviews and media cameos is well-nigh impossible, but Christine Lagarde made it pretty clear recently that the Governing Council doesn't see conclusive evidence that core inflation is poised to moderate sustainably. More hikes are coming. Revised data released last week showed Europ