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Week Ahead - Bring on the Fed
Focus on the US next week Europe took centre stage last week as leaders waited nervously to see if gas would start flowing through Nord Stream 1 again following scheduled maintenance (it did) and the ECB raised its deposit rate to 0%, ending eight years of negative rates. Next week the focus switches back to the US which has a big interest rate decision of its own and a number of major earnings reports. The Fed is expected to raise interest rates by 75 basis points, although it may be tempted to follow the Bank of Canada in hiking by a full percentage point and show the world it means business. This is happening ... (full story)