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Friday showed that divergence in monetary policy between the ECB and Federal Reserve is alive and well, indeed it is a theme that is likely to continue in 2015. Two senior ECB officials expressed their concern about negative inflation and their determination to use all possible monetary tools, including quantitative…
by Alex Coates
2 minutes read
In yesterday’s trading USD was the biggest mover of the majors. The Federal Reserve’s update to the Labor Market Conditions Index (LMCI) showed greater improvement in labor markets over the past six months than previously estimated. At its current cycle average, the LMCI will return to pre-crisis levels within the…