ECB’s Schnabel Says July Cut Doesn’t Look Warranted
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.
European Central Bank Executive Board member Isabel Schnabel warned against back-to-back interest-rate cuts in June and July.
European stocks retreated further from this week’s record levels as dialed-down bets for Federal Reserve policy easing prompted a pull-back from riskier assets.
Oil headed for a modest weekly gain as futures stayed in a narrow range, with the outlook for supply and inflation in focus.
Long-duration bonds are set for a comeback later in 2024 as macroeconomic conditions soften, according to strategists at Bank of America Corp.
(Bloomberg) --
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