Investors are taking the view that the Fed will do whatever it needs to do [to ensure U.S. economic growth in the second half]. |
It [the economic recovery] is probably going to be firm enough for the ECB to hold steady for the time being, but certainly the risks at this stage are that they may be forced to cut again at some point. |
It's just a reflection of general concerns that the U.S. (economy) is heading towards a hard landing rather than a soft landing. |
People are getting concerned about the U.S. economy slowing faster than generally expected. |
People don't know how to trade. |
People have had their fingers burned and will be careful about going back into the market. |
Proposals appear to have been put under the bed. |
The conditions are in place for a right royal punch-up. It's going to be one of those times when they may at best be able to marshal a fixed grin at the end. |
The decision to cut by a quarter point was about right. What the meeting does show was there was a wide range of views and some had considered a 50 basis point (0.5 percentage point) cut but there was concern that could open up the imbalance of a two-speed economy. |
The drop in the consumer sentiment indicator is going to raise concern about the pace at which domestic demand is going to pick up and feed through into growth. I would be very surprised if the ECB raised rates this week. |
The headline rate was really spot on. But while the ex-energy index is still soft, it's up from 1 percent in May. That may indicate that general cost pressures are beginning to feed through the economy. |
This highlights the difficulty of trying to work without political union. Everyone is still looking after number one. |
Today's data make it all the more likely that the Bank of England will be on hold in July. |
Well, we think for those people who expect that the Bank of Japan will adopt a looser stance, they're going to be disappointed. All the indications we've seen so far coming out the central bank is that they are going to keep things exactly where they are. |