Powell Forces Money Markets into Resetting View on a December Rate Cut

Wait 5 sec.

Markets Yesterday’s ECB meeting was a non-event that, if anything, further raised the bar for rate cuts as downside risks to growth abated. ECB president Lagarde was referring to the US-EU trade deal, the ceasefire in the middle east and the progress made in the US-Sino relations. European yields were little changed. Bunds underperformed vs […]The post Powell Forces Money Markets into Resetting View on a December Rate Cut appeared first on Action Forex.