Today’s FOMC minutes provided clarity on the March 19th Fed meeting that left markets with a hawkish impression on monetary policy. The original statement and forecasts of the fed funds rate initially sent the US dollar and short term interest rates higher. Markets expectations of easing have been adjusted lower substantially in recent days as […]
Category Archives: Central Banks
April
03
Draghi Talks QE
posted by Chris
The ECB’s Governing Council remained on hold today, initiating no new easing policy in April. As discussed in yesterday’s post, the focus was going to be on Draghi’s rhetoric during the statement and Q&A. I was honestly surprised by the extent of Draghi’s explicit and clear elaboration on a possible quantitative easing program. EURUSD was […]
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