In late October 2015, the U.S. Federal Reserve is to make a decision on the base or prime rate. Since December, 2008, it's been hovering at a historic low. Cheap money was supposed to stimulate growth. But how long can it go on?
The US central bank has signaled it's ready to start selling more than a trillion dollars worth of assets it accumulated in the wake of the financial crisis, suggesting the US economy can do without further stimulus.
ECB chief Mario Draghi is expected to highlight the euro area's strengthening economy while underlining the need for caution as the bank inches toward ending its stimulus. But interest rates will not rise anytime soon.
The US economy saw "slight to moderate" growth in June while signs of mounting inflation remained scarce, according to a report by the Federal Reserve. The weak wage increase is seen as a setback for US citizens.
The US Federal Reserve is starting a two-day review of its monetary policy. Markets expect the third interest rate increase since December 2016 at its conclusion.
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