Tide Turning for the Eurozone Economy?
by AIB Treasury Economic Research Unit
- This week’s macro data provided further evidence that the US economy is beginning to slow from the rapid pace of growth seen in 2023.
- Core PCE inflation, the Fed’s favoured measure, came in higher than anticipated at 3.7% in Q1 (consensus 3.4%), and well ahead of the 2% rate in Q4 2023.
- In contrast, this week’s Eurozone data suggest some acceleration in growth in the currency bloc.
- Turning to the week ahead, the main focus will be on the upcoming Fed monetary policy decision, due after the European close on Wednesday.
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