Heading into a new week, the ongoing interest rate debate within the European Central Bank (ECB) is intensifying, particularly in contrast to the Federal Reserve's increasingly less dovish policy plans (read: fewer interest rate cuts than expected). Last week’s comments from ECB officials, including Italy’s central bank governor Fabio Panetta, highlight the potential need for further rate cuts in Europe, even as the Fed maintains or even increases interest rates due to persistent inflation in the U.S. This divergence stems from generally solid economic growth in the US (last week’s disappointing Q1 GDP estimate ... (full story)