Reuters (August 17)
“Headline inflation in the euro zone has halved in the past nine months and was 5.3% in July. But that’s not good enough for ECB hardliners. They want to see the core number, which excludes energy, food, alcohol and tobacco, come down sharply before putting an end to the unprecedented climb in the bloc’s interest rates. That measure is falling more slowly and was running at 5.5% in July.” The ECB obsession over core inflation increases the “risk of policy mistake.”
Tags: 5.3%, Alcohol, Core, ECB hardliners, Energy, Euro zone, Food, Headline, Inflation, Interest rates, July, Obsession, Policy mistake, Risk, Tobacco
Market Watch (October 27)
“Amazon and Microsoft prove that cloud growth has hit a plateau and investors are ripping away more than $300 billion in valuation because of it, but the technology will still be at the core of computing for generations ahead.”
Tags: $300 billion, Amazon, Cloud growth, Computing, Core, Generations, Investors, Microsoft, Plateau, Technology, Valuation
