April 25, 2024 17:44 GMT
Panetta – Fed Pivot Likely Reinforces Case For (Small) Rate Cuts
ECB
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- ECB’s Panetta sets the stall out for a path with small rate cuts in a speech. He noted the possibility of a June rate cut last week but these are the first more in-depth comments in almost a month.
Bloomberg headlines of note:
- FED PIVOTS LIKELY REINFORCE CASE FOR RATE CUTS
- SMALL ECB RATE CUTS COULD COUNTER WEAK DEMAND
- SMALL CUTS COULD BE PAUSED AT NO COST IF SHOCKS EMERGE
- TIMELY ACTION ALLOWS SMALL, PROGRESSIVE ECB RATE CUTS
- ECB-FED DECOUPLING CURRENTLY NOT PARTICULARLY CRITICAL
- RATE CUTS NEEDED TO AVOID ULTRA-LOW RATES LATER
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