|
They think its all over
- The ECB's Governing Council meeting for September saw the central bank leave interest rates on hold for a second consecutive meeting.
- Overall, the updated batch of ECB forecasts paint a broadly similar outlook to those published in June.
- In contrast, aimed further soft US labour market data, markets are fully pricing in a rate by the Fed this Wednesday, with attention now turning to the frequency and magnitude of cuts by the central bank in the months ahead.
- Aside from the aforementioned Fed policy decision (25bps cut expected), the focus will be on the updated Summary of Economic Projections, including the interest rate dotplot.
|
|
