The European Central Bank (ECB) has reportedly begun to consider evening out the "corridor" between the ECB s three interest rates, as the bank moves away from its policy of cheap money and towards a situation where banks must borrow from the central bank. The move, which was discussed at length during a policy meeting last week, would be achieved by making the spreads between the rates more equal. However, the policy was parked for now to avoid blurring the ECB s policy message.
US
The labor market is still strong but is showing signs it is ready to soften as wages cool. Wall Street will pay close attention to the February inflat
Brandywine Global: The euro area has defied expectations. What seemed a near-certain descent into an abysmal recession has not occurred. While risks still loom,
Summary: As the market awaits Powell’s testimony to Congress and jobs figures, the stock market ran out of puff, with the Nasdaq 100 closing
Headline inflation continues its fast decline and dropped to 8.5% in January, while core inflation remains stubbornly high at 5.2%. Lacking German input