You Won't Believe How Global Central Banks Responded To The Feds Rate Cuts
Description
Now that the Fed has done it, everyone wants to get in on the act. They call it "undershooting" which is just a fancy word for "bonds were right." Switzerland, Canada, even the Europeans all thinking hefty and accelerated schedules. Leave it to the Brits to be the lone exception.
Eurodollar University's Money & Macro Analysis
Bloomberg Bank of Canada Officials Split on Balance of Inflation Risks
https://www.bloomberg.com/news/articles/2024-09-18/bank-of-canada-officials-are-split-on-balance-of-inflation-risks
Bloomberg Swiss Government Sees Sharp Drop in Inflation Rate Next Year
https://www.bloomberg.com/news/articles/2024-09-19/swiss-government-sees-sharp-drop-in-inflation-rate-next-year
Bloomberg Swiss Economists See ‘Substantial’ Chance of SNB Half-Point Cut
https://www.bloomberg.com/news/articles/2024-09-19/swiss-economists-see-sustantial-chance-of-snb-half-point-cut
Politico EU Portuguese bank chief: ECB may need to accelerate interest rate cuts
https://www.politico.eu/article/mario-centeno-ecb-may-need-accelerate-easing-interest-rate-date-bank-portugal/
ZEW Hopes of a Recovery Are Fading
https://www.zew.de/en/press/latest-press-releases/hopes-of-a-recovery-are-fading
Bloomberg Germany May Already Be in Mild Recession, Bundesbank Says
https://www.bloomberg.com/news/articles/2024-09-19/germany-may-already-be-in-mild-recession-bundesbank-says
Euronews US chip-maker Intel has announced plans to postpone the construction of a factory in Germany for at least two years.
https://www.euronews.com/business/2024/09/17/intel-postpones-construction-of-german-chip-factory-for-two-years
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU