
Fed looks done with tightening. How about the ECB and the BoE? | MarketTalk: What’s up today? | Swissquote
The Federal Reserve (Fed) wraps up the year with a resounding finale. The Fed is not bothered to see the US yields fall in preparation for a rate cut. On the contrary, they endorsed the idea of a policy pivot thanks to an encouraging fall in inflation and sounded way more dovish than everybody expected at their announcement yesterday – which clearly exposed that the policy pivot is coming.
The US sovereigns rallied, the Dow Jones hit a record, the US dollar tanked.
Now today, it’s the European Central Bank (ECB) and the Bank of England’s (BoE) turn to give...