FED CHAIRMAN POWELL PREPARES MARKETS FOR MONETARY EASING & FURTHER US$ DEBASEMENT As fully expected Fed Chairman Jerome Powell did not disappoint in signalling FOMC Rate cuts are ahead. Though the dollar did not appear to react, that is because it had weakened going into the much anticipated FOMC meeting and had already prepared by […]
DRAGHI PREPARES MARKETS FOR MONETARY EASING & FURTHER EURO DEBASEMENT Draghi outlined during the ECB’s annual conference in Sintra, Portugal that: The current EU outlook “remains tilted to the downside,” More stimulus will be needed if the outlook doesn’t improve. More interest-rate cuts and more QE are part of the central bank’s arsenal. Risks […]
