_european-central-bank-expected-to-cut-interest-rates-weakening-currency-and-diverging-from-the-federal-reserve.jpg "European Central Bank Expected to Cut Interest Rates, Weakening Currency and Diverging from the Federal Reserve from peel p50 price Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:45
👁 View: 13.1M times
✓ Published: 04-Jun-2024
👁 View: 13.1M times
✓ Published: 04-Jun-2024
Description:
The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_prices-at-the-pump-are-beginning-to-cool.webp "TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why gas prices are beginning to fall just in time for summer.")
_european-gas-price-jumps-13-after-norwegian-outage.webp "CGTN Europe discussed this with Independent Energy Analyst Gaurav Sharma.")
_ary-news-10-pm-headlines-124-4th-june-2024-124-fbr-in-action.webp "#FBR #nonfilers #mobilesim #headlines <br/><br/>-Contempt Case: Faisal Vawda submits reply in Supreme Court<br/><br/>-Good news for Pakistanis travelling to Saudi Arabia<br/><br/>-Foreign embassy official booked in policeman accident case in Islamabad<br/><br/>-Federal budget 2024-25 likely to be presented on June 12<br/><br/>-Follow the ARY News channel on WhatsApp: https://bit.ly/46e5HzY<br/><br/>Subscribe to our channel and press the bell icon for latest news updates: http://bit.ly/3e0SwKP<br/><br/>ARY News is a leading Pakistani news channel that promises to bring you factual and timely international stories and stories about Pakistan, sports, entertainment, and business, amid others.")
_yk-osiris-promises-victory-in-ddg-boxing-match-securing-price-terms.webp "YK Osiris says he's eager to get in the boxing ring with DDG and show him the 'Golden Child' golden gloves ... but only after he's reassured he's getting paid!!!")
_advocates-warn-extreme-heat-could-drive-home-cooling-costs-to-decade-high.webp "Advocates Warn Extreme Heat , Could Drive Home Cooling , Costs to Decade High.<br/>NBC reports that the average cost of keeping a home <br/>in the United States cool from June to September is <br/>set to hit $719 in 2024, according to new projections.<br/>Advocates for low-income households found <br/>that those annual costs for cooling a home in <br/>the summer are about 8% higher than in 2023.<br/>Back in 2021, the average cost <br/>to cool a home was down at <br/>an average of $573 annually.<br/>According to organizations that distribute federal financial <br/>support, an estimated one million fewer families <br/>will be able to receive assistance paying their energy bills. .<br/>This loss of assistance comes partly as the result of government <br/>funding for the Low Income Home Energy Assistance Program <br/>(LIHEAP) dropping to $4.1 billion, down from $6.1 billion in 2023.<br/>It’s inflation in the sense that you <br/>have to spend more to cool your <br/>house, but you’re using more of it, Mark Wolfe, Executive director of the National Energy <br/>Assistance Directors Association (NEADA), via NBC.<br/>So you can’t blame <br/>the price. This is more <br/>the price of climate change, Mark Wolfe, Executive director of the National Energy <br/>Assistance Directors Association (NEADA), via NBC.<br/>The National Oceanic and Atmospheric Administration <br/>has warned that 2024 is expected to rank among <br/>the top five hottest years on record. .<br/>According to the National Energy Assistance Directors <br/>Association (NEADA) report, many households face the <br/>risk of debt or potential utility shut-offs for nonpayment.<br/>These estimates could, in fact, <br/>understate the final costs of home <br/>cooling this summer if temperatures <br/>continue to reach record levels, National Energy Assistance Directors <br/>Association (NEADA) report, via NBC")
_gerywn-price-backs-world-championship-darts-potential-move-to-saudi-arabia-for-future-tournaments.webp "As the world of darts is continuing to look for new ways to increase the eyes on the sport, with the idea of Saudi Arabian funded venues and tournaments being posed by PDC’s CEO Barry Hearn, Welshman Gerwyn Price had his say, and it makes for an interesting story.")
⏲ 1:0 👁 110K
_92.webp "#imrankhan #nawazsharif #maryamnawaz #shehbazsharif #pmln #pti #aonabbasbuppi #breakingnews #khabar #meherbukhari <br/><br/>\")
_modern-premium-plots-is-launched-in-bangalore-at-prestige-kings-county.webp "https://uxfol.io/p/4bec3b94/02e000a4<br/>https://www.nytech.org/prestigekingscountylive<br/>https://community.weddingwire.in/prestige--u2667346<br/><br/>https://velog.io/@kingscountylive/posts<br/>https://c.im/@prestigekingscountylive<br/>https://participer.loire-atlantique.fr/profiles/prestige_kings_count/activity<br/><br/>https://thefeedfeed.com/turnip2922<br/>https://www.crehana.com/users/kingscountylive/<br/>https://www.metooo.io/u/prestigekingscountys<br/><br/>https://www.growkudos.com/profile/prestige_kings__county_1")
_prices-at-the-pump-are-beginning-to-cool.jpg)
_european-gas-price-jumps-13-after-norwegian-outage.jpg)
_ary-news-10-pm-headlines-124-4th-june-2024-124-fbr-in-action.jpg)
_yk-osiris-promises-victory-in-ddg-boxing-match-securing-price-terms.jpg)
_advocates-warn-extreme-heat-could-drive-home-cooling-costs-to-decade-high.jpg)
_gerywn-price-backs-world-championship-darts-potential-move-to-saudi-arabia-for-future-tournaments.jpg)
_92.jpg)
_modern-premium-plots-is-launched-in-bangalore-at-prestige-kings-county.jpg)
![[+]](/images/menu.gif){kind=small}