Europe’s central bankers are in no hurry to join the US pivot toward interest-rate cuts — even as investors keep insisting that they’ll need to embrace easier monetary policy soon enough. In the wake of Federal Reserve chief Jerome Powell’s signal on Wednesday that officials are turning to focus on reducing borrowing costs, peers from Frankfurt to London declared that further slowing in inflation can’t be taken for granted. Whatever financial markets may be betting, they signaled that easing isn’t on the agenda for now. “We should absolutely not lower our guard,” European Central Bank President Christine Lagarde told ... (full story)