ECB Cuts Rates by 25bps, Signals Continued Data-Dependent Approach  In the past 24 hours, the ECB became the second G7 central bank to start an easing cycle following the Bank of Canada The ECB officially announced a widely anticipated 25 basis points cut to its key rates Deposit Facility Rate down by 25bps to 3.75% Main Refinancing Rate down ...

Fed Holds Rates Steady, Signals Less Aggressive Rate-Cutting Ahead  No adjustments were made to interest rates, and there were minimal changes in the statement. However, there was an upgrade in projected economic growth. Notably, the Dot-Plot provided significant signals, with 2024 expected to remain unchanged (with 3 rate cuts), but projectio...