David Brown Benign Quotations

These are the sort of numbers that should give extra leverage to the ECB (European Central Bank) to keep pressing rates higher, but we still believe the benign inflation picture will force them to adopt a softly, softly approach to tightening this year.

(PPI)... should show more benign signs this month reflecting softer energy costs. However, it will not mean the Fed takes its eye off the ball in its campaign against inflation risks.