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Tag: Quantitative Easing
The ‘three most dangerous words’ on Wall Street keep coming up. Stock-market bulls should be worried.
More equity analysts are sounding the alarm about the inversion of the 10-year and three-month treasury yields, joining with bond analysts.
"As long as the trade tensions do not escalate into an outright trade war, we see no reason for the ECB to change its June guidance," Berenberg economist Florian Hense said.
The euro slid versus the dollar Thursday after the European Central Bank said it would end its €2.5 trillion bond-buying program at the end of the year and expects to keep rates steady through next summer.
The European Central Bank has been buying bonds for several years, but it's about to stop, and it's a huge moment for global markets.
The ECB announced its latest monetary policy decisions at 12.45 p.m. GMT.
The stock market's record-setting rally has been driven by unprecedented monetary stimulus. Now we enter a crucial period to see how it will fare without it.
"Vatican City's the only place that claims infallibility. Central Bankers do not have that, nor do they claim it," Mike Ryan, CIO of UBS Wealth Management Americas, told Business Insider.
OPINION: Deflation = White Walkers
Unless the heads of eurozone central banks have had some serious changes of heart over August, none of the bank's core policies will change.
Nicholas Macpherson, who was permanent secretary to the Treasury from 2005 to 2016, said there are "negative side-effects" from central banks' QE programs.