Key Take-Aways from Today’s Monetary Policy Report
Semi-annual testimony highlights data dependency; “Monetary policy is by no means on a preset course.”
What Might the Fed Say This Afternoon?
It would be surprising if today’s statement did not include a comment more pronounced than a mere mention of “international developments”—the phrase that appeared in December’s press release.
ECB Signals Further Stimulus Measures Likely
In a prepared speech following the ECB’s decision to hold rates unchanged, ECB President Draghi hinted at the possibility of further stimulus by year end.
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