{"id":174740,"date":"2023-10-16T04:54:02","date_gmt":"2023-10-15T23:24:02","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=174740"},"modified":"2023-10-16T04:54:02","modified_gmt":"2023-10-15T23:24:02","slug":"underlying-inflation-is-still-strong-wage-growth-is-historically-high-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/underlying-inflation-is-still-strong-wage-growth-is-historically-high-crypto-news\/","title":{"rendered":"Underlying inflation is still strong, wage growth is historically high &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>European Central Bank (ECB) President <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">Christine Lagarde<\/a> spoke over the weekend at the International Monetary Fund\u2019s annual meetings in Marrakech, Morocco. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\">Lagarde<\/a> stated that underlying inflation in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/country\/c9822cb1-6cee-45f4-a9a2-89d136990308\">eurozone<\/a> is still strong and wage growth is \u201chistorically high\u201d.<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>Key quotes<\/strong><\/h2>\n<blockquote>\n<p>\u201cLabor market still shows no real sign of weakening&#8221;<\/p>\n<p>\u201cDownside risks include weaker demand, due for example to a stronger transmission of monetary policy or to a worsening of the international economic environment,\u201d<\/p>\n<p>\u201cGrowth could be slower if the effects of monetary policy turn out to be more forceful than expected, or if the world economy weakens further and geopolitical risks intensify,\u201d<\/p>\n<p>\u201cGrowth could also be higher than projected if the strong labor market, rising real incomes, and receding uncertainty boost confidence among consumers and businesses and lead them to spend more.&#8221;<\/p>\n<p>\u201cIt\u2019s not a question of being hawkish or dovish, but it requires us at this point in time to be patient, as supply shocks reverse and new shocks arrive, and be attentive to ensure that inflation expectations remain anchored when inflation is still too high,\u201d<br \/>\u00a0<\/p>\n<\/blockquote>\n<h2 class=\"fxs_headline_medium\"><strong>Market reaction<\/strong><\/h2>\n<p>The comments above has little to no impact on the Euro. At the time of writing, EUR\/USD is trading near 1.0518, holding higher while adding 0.07% on the day<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: European Central Bank (ECB) President Christine Lagarde spoke over the weekend at the International Monetary Fund\u2019s annual meetings in Marrakech, Morocco. Lagarde stated that underlying inflation in the eurozone is still strong and wage growth is \u201chistorically high\u201d. Key quotes \u201cLabor market still shows no real sign of weakening&#8221; \u201cDownside risks include weaker demand, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,825,433,255,250,333,252,247,253,249,256,254],"class_list":["post-174740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-gta","tag-looks-rare","tag-macroeconomics","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=174740"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174740\/revisions"}],"predecessor-version":[{"id":174742,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174740\/revisions\/174742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5258"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}