📰 Poll: US 10-year treasury yield to decline to 4.48% in three months, hold for the next three months, and reach 4.39% in a year (vs 4.45%, 4.40%, and 4.33%, respectively, in June poll)
📰 ECB Accounts: Headline inflation was set to rise further over the summer and remain well above target into the first half of 2027, despite almost three 25 basis point interest rate hikes being embedded in the projections
📰 ECB Accounts: If energy prices did not decline as implied by the futures curves, above-target inflation was likely to prove considerably more persistent
📰 ECB Accounts: More attention was likely to be paid to price rises now than at the time of the previous energy shock, and this could mean that firms and workers might react more quickly on this occasion.