As per Fedwatching: "FOMC voters have said over and over that 2% is the target. Getting inflation down to 2-ish (say 2.5%) is probably not good enough. If we’re still at 2.5% at the end of the year and the job market is in decent shape, I think it’s more likely that they’ll be hiking instead of cutting." EU and USA are on 2 different paths. Today data of european industrial production, Germania gdp, wholesale price index, italian export are all in "recession mode"

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