Will Christine Lagarde change the ECB policy course as Mario Draghi did in 2011?
The Fed’s interest rate would stay on hold until 2021. The Federal Reserve expects a slowdown in the US growth rate to 2% in 2020 and 1.9% in 2021. Only four FOMC officials see a rate hike at least by 25 basis points as appropriate next year. In September, there were seven of them. Considering that the PCE is failing to reach the target and Jerome Powell’s concerns that a drop in inflation expectations will press down the actual inflation rate, the Fed is more likely…
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