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SP500 rallies while Fed cuts
The SP500 rallied to another all time high through the press conference, however fell off after which was most likely die to the pricing in of the cut.
Read MoreAnalysts expect Federal Reserve will cut rates again
A 25bp rate cut is currently priced in with more than 90% probability
Read MoreFed cuts by 25 basis points
The Fed today cut by 25bps amidst turmoil in the oil markets during the front part of the week and the overnight repo spike just yesterday.
Read More25bps cut expected
The FOMC meet today to discuss monetary policy going forward.
Read MoreNegative rates and printing €20bn monthly
Speaking on fiscal matters, Draghi mentioned that, ‘in countries where public debt is high, governments need to pursue prudent policies that will create the conditions for automatic stabilisers to operate freely. All countries should reinforce their efforts to achieve a more growth-friendly composition of public finances.’
Read MoreFurther cuts ahead?
The ECB today are likely to announce a cut in the deposit rate across the Eurozone.
Read MoreMexican Central Bank expected to hold rates on Thursday
The Mexican Central Bank meet later this week. It’s likely they’ll keep rates on hold with the peso slipping against the dollar.
Read MoreBoE rates on hold
In the Inflation Report, the Bank said that global growth was constrained by trade tensions and that the manufacturing sector was the worst hit, while inflation in the EU and US had been subdued.
Read MoreBoE decision on interest rates later
It’s widely believed that the Bank will hold as UK data has largely held up well whilst other economies have faced contraction amongst manufacturing and services.
Read MoreRates cut by 25bp
The Fed cut rates with the message that the action supports their view that economic activity, labour market conditions and inflation near the Committee’s objectives are the most likely outcomes
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