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post: ECB'S NAGEL: WE ARE NOT FULLY CONVINCED THAT INFLATION WILL ACTUALLY RETURN TO THE TARGET IN A TIMELY AND SUSTAINED MANNER. post: ECB'S NAGEL: A JUNE RATE CUT IS NOT NECESSARILY FOLLOWED BY A SERIES OF RATE CUTS post: ECB'S NAGEL: SERVICES INFLATION REMAINS HIGH AND DRIVEN BY CONTINUED STRONG WAGE GROWTH. post: ECB'S NAGEL: WE CANNOT PRE-COMMIT TO A PARTICULAR RATE PATH. post: ECB'S NAGEL: IN FAVOUR OF A JUNE RATE CUT IF DATA SHOWS A RETURN TO 2%
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The Purchasing Managers Index (PMI) is widely considered the most accurate indicator of economic activity available. It is a survey of supply chain managers across multiple industries weighted by contribution to GDP and includes multiple questions about business conditions. The ultimate PMI score is a number between 1 and 100. Any score above 50 indicates ...
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