The Fed is not expected to move on rates next week; the Fed working on how to frame it in the policy statement. Data dependent but also noting employment is improving and the economy is growing….slowly. Not only the normal FOMC policy statement next week but the Fed’s forecasts for growth and inflation over the next two years. Each quarter the Fed releases its detailed estimates. The ECB is widely expected to reduce its deposit rate by 10 basis points to -0.40% and many investment houses are also calling for a 10B€ expansion of the central bank’s current asset purchase program.
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