FOMC PARTICIPANTS PRESERVE ALL OPTIONS AMID UNCERTAINTY
–‘Majority’ Say Likely No 2019 Rate Changes; ‘Some’ Say Maybe Hike –Risks Roughly Balanced; ‘Significant Uncertainties’ and ‘Patient’ WASHINGTON (MaceNews) – The minutes of last month’s Federal Open Market Committee meeting Wednesday confirmed the participants’ rope-a-dope policy stance, waiting for economy’s uncertainties to wear out before deciding their next move. With risks roughly balanced, the […]
ECB’S DRAGHI SEES ‘PERSISTENCE OF UNCERTAINTIES
–ECB Pledges to Hold Rates Steady to Yearend By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank could ease the burden of negative interest rates on the region’s banks, raising concerns that prolonged weakness in the euro zone economy could require further stimulus measures, even the resumption and expansion of quantitative easing. The ECB […]