The Federal Reserve’s decision to raise interest rates was long overdue. The US economy is in a good state and more solid than the European one. I expect at least two more raises this year.
There is a significant risk that the US central bank will lift rates at too slow a pace, which would increase the risks to financial stability.
The prospect of higher interest rates in the US puts the Europan Central Bank under pressure not to prematurely … [continue reading]Read more