The ECB is setting its monetary policy based on forecasts, which are based on asset prices which reflect the market’s best guess about what the ECB will do. The whole thing is circular. Richard Barwell …

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Hawkish or dovish? Is the FED really changing its monetary policy?

Yes, we know that. The unemployment rate in the USA has reached an historic low level; inflation gauge is at 2,5%, and even if core inflation is stable and the bond market is not signaling …

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