Developments over the summer have done little to push back on Lagarde's relatively hawkish signalling at the July press conference.
Economic indicators such as the PMIs continue to gradually improve, the unemployment rate is at all-time lows, and inflation remains very close to the 2.0% medium-term target albeit with core still a little above target.
The main takeaway is one of general resilience amidst trade policy induced uncertainty.
FED: US TSY 17W AUCTION: NON-COMP BIDS $554 MLN FROM $65.000 BLN TOTAL
Sep-10 15:15
US TSY 17W AUCTION: NON-COMP BIDS $554 MLN FROM $65.000 BLN TOTAL