Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Central Bank's (ECB) president Mario Draghi, at yesterday's conference cited one of the key argument that stand out against providing larger stimulus has been arguments of hawks that lower oil price has been behind lower headline inflation and pointed that recent decoupling of inflation expectations and oil price could be an indication of end to that.
The figure, from Natixixis, shows that inflation expectation has decoupled since October this year.
Since oil has dropped almost 60%, in just a span of a year, its effect on inflation has been much greater this year. While it is expected to exert its impact over next year too, it will fade due to the base effect. Since consumption has risen sharply, the decoupling might also be pointing to lower impact of oil over inflation.
Nevertheless, it is important to note that this decoupling began in October, when ECB promised more stimulus. So it would be vital to watch out for clues weather its coupling again after yesterday's punitive move.
