ECB Holds Rate Steady - US Jobless Claims Rise

By Jerry Furst - Sr Analyst
Investors Education Network
 
ECB: Rates on Hold for Now
Jean Claude-Trichet has decided to hold rates steady. During his press conference Trichet is  being quotes as saying that, “Upside inflation risks have diminished somewhat.” His rationale is that the high inflation coming through the pipes is from past oil and food price hikes, and he anticipates these costs coming down.  
This as the European Central Bank head faces the hard realities of the Euro-zone sinking into recession. However,  The phone lines are probably quite active between the all the central bankers and it may be only a matter of time before rates start coming down from many central banks.
 
Bernanke Surprise Coming?
The odds of a surprise move by the FOMC and Ben Bernanke can come at any time with an unscheduled rate cut. The questions here are how much of a cut, if it is coordinated with […]

Original post by jfurst

This entry was posted on Thursday, October 2nd, 2008 at 6:34 am and is filed under NFP, Senate, House, non farm payroll, Trichet, vote, unemployment, euro, dollar, News: Scheduled and Breaking, Fundamental Analysis, trading, FX, Interest Rates, FOMC, bernanke. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.