2024-06-07 23:40:00 ET
Summary
- On Thursday, the European Central Bank (ECB) delivered a 25 basis point policy rate cut.
- By contrast, the Federal Reserve (Fed) is set to keep rates on hold at its meeting this month.
- Typically, central banks wait for the Fed to reduce rates before they move. In fact, until yesterday, the ECB had never cut rates ahead of the Fed.
By Seema Shah, Chief Global Strategist
The European Central Bank's 25 basis point rate cut, ahead of the Federal Reserve, underscores the differing post-COVID economic recoveries between the Euro area and the U.S. ...
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ECB Vs. Fed Policy: Divergent, But Not For Too Long