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Week Ahead – ECB poised to cut again, US CPI to get final say on size of Fed cut
The European Central Bank’s carefully choreographed rate-cutting cycle got off to an awkward start in June after last-minute data upsets. For credibility’s sake, policymakers had only one choice – press ahead with the planned 25-basis-point rate reduction but present it as a ‘hawkish cut’. Fortunately for the doves and struggling European businesses, the case for further policy easing has strengthened since the last gathering in July when rates were kept on hold. Headline inflation dipped to 2.2% y/y in August and the rebound in euro area growth has been tepid. The current economic backdrop has potentially ... (full story)
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- Posted: Sep 6, 2024 11:53pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 7,483
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