Consumer inflation and the outcome of the European Central Bank's rates meeting could both be market movers Thursday.
As investors await the Fed's widely anticipated meeting next week, they are watching for clues in any other related event - including the European Central Bank's meeting and a consumer inflation report Thursday.
Traders and financial professionals work on the floor of the New York Stock Exchange at the opening bell on August 15, 2019 in New York City.Consumer inflation and the outcome of the European Central Bank's rates meeting could both be market movers Thursday, ahead of the Fed's meeting next week. But more important to global financial markets will be whether the ECB decides to trim already negative interest rates or embark on more quantitative easing. Traders had been expecting the ECB to announce a new quantitative easing program, but expectations have been pared back as more hawkish officials downplayed policy easing.
Brenner said the market is pricing about 15 basis points of easing onto an already negative 0.40% rate. Traders have said the ECB's posture could influence the Fed, whether it is either dovish or hawkish, meaning less willing to loosen policy.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fred’s Is Liquidating; Here’s Where To Place The Blame (And It’s Not E-Commerce)Here's what the demise of Fred’s really says about the state of the retail market today.
Read more »
Here's how to play the massive transformation taking place in the stock marketHere's how investors can participate in this market transformation which some on Wall Street called a 'once in a decade opportunity.'
Read more »
What's moving markets today: Live updatesToday's top business headlines: - China waives tariffs on some US goods - 6 in 10 Americans expect higher prices because of trade war - US income growth stalled in 2018 - Apple unveils new iPhone 11
Read more »
House Judiciary Committee to vote Thursday on procedures regarding impeachmentHouse Judiciary Committee is set to vote Thursday on new impeachment procedures, a move Democrats are calling their next step in determining whether to approve articles of impeachment against Pres. Trump.
Read more »
The Crippling Problem Workplaces Are Facing: Not Enough Lunch DessertIf you're not eating lunch dessert then are you really even living?!
Read more »