Fed discusses tapering bond purchases, but remains tight-lipped on timing
The Fed statement was slightly more hawkish, as “progress” has been made towards the targets of maximum employment and price stability. In the press conference that followed the meeting,…
On the other hand, the rebound in industrial activity is confirmed in Germany, with bottlenecks in the automobile sector easing.
To be followed today, the ZEW survey in Germany and the latest estimate of GDP growth in the euro zone in Q2 (+2% q/q for the moment). Still nothing from the US despite the reopening of the markets. The EUR/USD exchange rate is fairly stable around 1.1870 while waiting for the ECB meeting.