Mid-Week Wrap: 17 April 2024
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Market Mood
Christine Lagarde, the ECB President, confidently asserted Europe's independence from the US during a press conference, reaffirming the expected rate cut in June despite the Fed's contrasting stance. She navigated the conference smoothly, ensuring stability in the European bond market. Lagarde highlighted key inflation outlooks, emphasizing the potential for reducing monetary policy restrictions. The accompanying chart illustrates the market's reaction to the ECB's announcements on policy rates.