Fed & ECB: similar decisions, different outlook

In this week’s Macro & Oil report of the EnergyScan podcast, Olivier Gasnier looks back at the rate hike announced by the Fed and ECB last week. Behind the identical decisions (25bp rate hikes), we can see a rather different discourse reflecting uncertainty about the impact of monetary policies on growth and inflation. The markets are a bit confused, as are oil prices which are experiencing strong fluctuations.