The Fed keeps a very dovish stance despite stronger optimism
Macro-economy
March 18, 2021
The Fed expressed more optimism about economic prospects, no worry about raising bond yields and saw no need to hike rates before 2024. The markets’ reaction was rather calm, but the USD plunged and the EUR/USD exchange rate rebounded unexpectedly from 1.19 to 1.1980.
The weakening French nuclear production, ongoing wind shortage and high gas prices maintained the European power spot prices above 200€/MWh for today. The day-ahead prices…
Despite a late downward correction in clean fuel costs after a strong opening, European power prices held gains and closed higher again on Wednesday. Prospects…