ECB President Lagarde said the better economic outlook will feed into core, likely core inflation. Earlier in the same press conference, she noted employment growth is slowing, consumer confidence rebounded, the services sector recovered, and the labour market remains robust. Growth is expected to be bolstered by business and housing investment. The comments reinforce a cautiously optimistic tone on the eurozone economy, which may reduce the urgency for further rate cuts. Market focus will be on upcoming data and the ECB's October decision.
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