ECB’s Wunsch: High rates for longer from the Fed might lead to a slower pace of cuts
globalreutersMay 14, 20241 Mins read All these central bankers like to talk about independent policy and how they’re not dependent on the Fed and then this happens and they say the quiet part out loud. Might as well lay off 90% of the world’s central bankers and leave it to the US to manage.
Wunsch also said they should proceed gradually after cutting in June and refrain from committing to a second cut.
This article was written by Adam Button at www.forexlive.com.
Related Articles
Belgian business confidence -11.1 vs -12.8 prior
Prior readings in parenthesis:Manufacturing: -16.7 (-18.3) Business-related services: +7.0 (+3.8) Construction: -5.3...
It’s all about Scott Bessent today. Five things to know about the incoming Treasury Sec
Market moves today are dominated by repositioning after Trump nominated Scott Bessent...
Chicago Fed November national activity index -0.40 vs -0.28 prior
This is a composite index of data that's already released so it's...
USD is lower to start the new trading week. Stocks higher. Yields Lower
The USD is lower. US stocks are higher in pre-market futures trading....
Leave a comment