EMU & US Interest Rates

Recent publication

The economy is less interest-rate sensitive than assumed

Ron Markus
Monday, 26 June 2023
Ron Markus

Over the past two weeks, the Fed kept interest rates unchanged and central banks in Europe have continued to raise interest rates, while economic data in the Eurozone have been disappointing. We see the ECB and the Fed raising interest rates one more time before pausing. This could push long-term interest rates higher in the near future if this eases fears of excessively tight monetary policy...

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