European Central Bank (ECB) President Christine Lagarde expressed a need for caution from the ECB late Monday, highlighting that downside risks remain a threat despite a firm labor market. Key highlights A Soft landing for the euro zone economy is not guaranteed. It will take time to be certain that inflation is on track. A strong labour market means we have time to gather information. The strong labor market allows the ECB to gather enough data. Source: https://www.fxstreet.com/news/ecbs-lagarde-soft-landing-not-guaranteed-for-european-economy-202407011924