All eyes on the ECB meeting later this week. The FED and the ECB moving in opposite directions, as negative interest rates across the pond look like the only tool the ECB can use to try to bring calm to the EU economies.
Mario Draghi said previously at the January ECB meeting that if things don’t improve, we will need to reassess our policies at the next meeting.
I expect what comes out of the ECB meeting this week will help the FED’s decision to hold off any rate hike on our shore for the foreseeable future.
Some headlines of interest:
Author Name: Walter Pehowich
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