ECB's Lagarde delivers hawkish stance; Extended expectations for the Fed's rate hike🟤
From the central banking side, policy makers have continued to pile on the pressure with ECB's Lagarde the latest to deliver a hawkish punch by stating that "future decisions will ensure that the key ECB interest rates will be set at sufficiently restrictive levels for as long as necessary", in a statement to lawmakers in Brussels. Meanwhile, in a CNBC interview, the Fed's Goolsbee reiterated that inflation remains the biggest risk currently, and that the Fed needs "100% commitment" to the 2% target, and the Fed will have to "play it by ear" to determine how much more restriction is left in the pipeline.
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