Declining inflation rates in this country, coupled with dovish comments from one Fedrepresentative, are fueling interest rate cut fantasies on both sides of the Atlantic. With great Tension Stock marketers are likely to look forward to the publication of important economic data tomorrow, Thursday.
German inflation falls to 3.2 percent – fantasies of interest rate cuts are becoming more widespread
Meanwhile, German inflation continued to weaken in November. The inflation rate compared to the same month last year was 3.4 percent, as the Federal Statistical Office announced on Wednesday based on preliminary data.
In November 2022, the annual inflation rate was almost twice as high at 8.5 percent. At 4.4 percent in October, inflation was 4.4 percent, below the 5 percent mark for the first time since February 2022. The final figures will be communicated on December 5th.
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