ECB and Fed towards post-Covid, inflation is ready to divide their paths

The divergence on the two sides of the Atlantic Ocean is about to materialize. At the center of the divisions, after years of running side by side, is inflation. More structural in the US, more fleeting in the euro area. At least according to the forecasts of central bankers. On the US side, the Federal Reserve this week will begin accelerating the withdrawal of extraordinary liquidity, provided to protect the domestic economy from the externalities of Covid-19.