Watching @elerianm parse econ indicators is such a pleasure. Today he notes 2 discrepancies: #1 btw ECB & Fed #2

Watching @elerianm parse econ indicators is such a pleasure. Today he notes 2 discrepancies: #1 btw ECB & Fed #2 btw atest signals from the US Federal Reserve (disinflation) & the financial conditions through which monetary policy delivers outcomes (loose)
ft.com/content/7eb306… https://t.co/vycSgHn0pO

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