Central Bank Dialogue Shifting: Unlikely To Go Back To Low Inflation

<p>Jerome Powell stated that the U.S. economy is in strong shape and does not know if we will return to a pre-pandemic economy. ECB's Lagarde stated that it is unlikely to go back to an environment of low inflation. "It appears that the central bank dialogue is shifting. The stock market is having a hard time adjusting. 75 BPS rate hike is baked in for July," says Dan Deming.</p><p><br></p>