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European Central Bank Takes Different Path Than Fed
It’s expected by many economists that the European Central Bank (ECB) will continue to plunge the continent’s interest rates into negative territory in efforts to get banks to invest in various countries’ economies. But such a move could deflect interest in European asset investment.
Meanwhile, November’s job numbers are reportedly going to spur the first hike in interest rates by the U.S. Federal Reserve Bank in nearly a decade. While the dollar continues to strengthen against the euro, U.S. exporters will feel the effects. The currency’s 12-year high will also complicate inflation reaching its two percent goal.
Some economists suspect that the Fed will have interest rates at 2.75 percent by the end of 2018, while the ECB will be yet to raise its rates by that period.
- ◦Economy
