Eurozone inflation has moved up to 8.1%, its highest level ever.
Meanwhile, the ECB is still holding interest rates at negative levels.
This is perhaps the greatest disconnect between easy monetary policy and unabating rising prices that the world has ever seen. pic.twitter.com/V2fhXuR6I5
— Charlie Bilello (@charliebilello) May 31, 2022
German inflation has hit another post-World-War-II record high. Consumer prices in Europe's largest economy surged 8.7% YoY. The highest since the start of the monthly statistics in 1963. 🔥 pic.twitter.com/8p3DZj1gZr
— Ben Rickert (@Ben__Rickert) May 31, 2022
-Oil Roars to Sixth Monthly Advance on EU Ban, China’s Reopening
-Brent benchmark heads for its longest winning run since 2011
-Curb would temporarily exclude pipeline oil to satisfy Hungary
RBOB Graph: pic.twitter.com/QFdXUdOvsD
— Jordan Fife (@JordanFife1) May 31, 2022