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VGK - The Biggest Threat To The Fed Is Not Trump But The ECB
Vanguard FTSEEuropean
Yesterday I said to Reuters:
"The FOMC minutes were no surprise. I did not expect the Fed to cut today but they made a significant move indicating, strongly, that at least one rate cut was coming this year, if not more. I think they needed time to react to the ECB's new position that rates will be cut in Europe along with a re-start of bond buying or Quantitative Easing. The Fed has not lowered rates since 2008 and I think they are adjusting to the policies of the other central banks with U.S. Treasury