Europe Not Out Of The Inflation Woods Just Yet
If you're interested -- and I know most of you are(n't) -- inflation in Europe warmed up for a third month in December, according to preliminary estimates released on Tuesday.
I realize this isn't top-of-mind for most investors, but it bears mentioning in the context of an uneven inflation topography -- and commensurately varied monetary policy outlooks -- across developed economies.
Headline price growth ran 2.4% last month, Eurostat said. That was the warmest since July.
As the figure sho
I predict services inflation in Europe will be 4% next month. That’ll be $350,000, thank you.