ECB President Christine Lagarde was under the weather at today's press briefing and led to some less-than-sharp messaging but -- between the lines -- she was clear on what had changed."We are at the medium-term target that we set for ourselves of reaching the 2% at the end of our projection," she said, highlighting that forecasts now see 1.9% in 2026. In addition, she said those forecasts are "probably a bit severe with ourselves" as she noted the projections were made with a cutoff of November 23, which was before a string of soft CPI readings. She said they "are going to look very carefully at the end of 2025" forecast for inflation, which is at 2.1% right now.There's a good chance that wi
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