The headline German IFO Business Climate Index arrived at 89.3 in May, a tad lower than the April figure of 89.4. The market expectation was 90.3. depositphotos Meanwhile, the Current Economic Assessment Index dipped from 88.9 in April to 88.3 in the
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Image source: PixabayMay’s final numbers from the U.Michigan survey are out. Here’s the picture of several one-year-ahead expected inflation rates.Figure 1: Year-on-year actual CPI inflation (bold black), and expected inflation from University of Michigan (red), NY Fed (light green), Survey of Professional