Diego Maradona's 'Hand of God' ball hits the auction block, just months after his jersey from that game fetched $9.3M

Fifth District manufacturing firms reported some deterioration in business conditions in January, according to the most recent survey from the Federal Reserve Bank of Richmond. ...

tweet at 10:00am: ECB'S PANETTA: IN MARCH, THE ECB WILL REASSESS ITS POLICY OUTLOOK IN LIGHT OF NEW PROJECTIONS - HANDELSBLATT. tweet at 10:02am: ECB'S PANETTA: BEYOND FEBRUARY, THE ECB SHOULD NOT PRE-COMMIT TO ANY SPECIFIC POLICY MOVE - HANDELSBLATT.Panetta: Interview with Handelsblatt The guidance the ECB gave in December has been tested by markets recently. There seems to be some confusion about your next moves. Have markets got ahead of themselves? Our December projections foresaw inflation above our 2% target until mid-2025. Given that inflation had already been high for some time, this triggered a further monetary policy adjustment. It was reasonable to increase rates in December and signal a similar step in February. But beyond February any unconditional guidance – that is, guidance unrelated to the economic outlook – would depart from our data-driven approach. Our December decisions were based on the projections available at that time. In March we will have new ones and should reassess the situation. But don’t you think that the ECB should provide markets with guidance on the next moves? Yes, but not unconditional guidance. We strive to be predictable, but the current situation does not require us to commit to a specific rate path for too long or without reference to the data. Commitments on future monetary policy over a long horizon were justified in the past (we called it “forward guidance”) when rates were at their lower bound, so