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Bloomberg
Financial

Lagarde Says ECB Has Tools to Address Market Disruption

European Central Bank President Christine Lagarde says the ECB has the tools to address disorderly, unwarranted market movements. She also repeats her line that "the direction of travel" for policy is "quite clear for all of us" unless there are major changes. She made the comments at a news conference in Frankfurt after policymakers decided to keep interest rates on hold at 2.5%.

Leia mais: Lagarde Says ECB Has Tools to Address Market Disruption
Bloomberg
Financial

Lagarde Says ECB Debated If Hike Would Be Appropriate

European Central Bank President Christine Lagarde, speaking at a news conference in Frankfurt, says policymakers are "very attentive" to second-round inflation effects but adds that, for now, "we are not seeing a risk of second-round effects in addition to what is already included in the projections." She also reveals that the ECB discussed whether a rate hike today was appropriate but the Governing Council finally unanimously decided to keep them unchanged.

Leia mais: Lagarde Says ECB Debated If Hike Would Be Appropriate
Bloomberg
Financial

Reaching 2% Inflation Will Be Challenging for the Fed, Feroli Says

JPMorgan Chief US Economist Mike Feroli says it will be a challenge for the Federal Reserve to get inflation back down below its target of 2%. Feroli says he was surprised that Fed Governor Lisa Cook called on the FOMC to raise rates by a quarter percentage point. He speaks on "Bloomberg Surveillance."

Leia mais: Reaching 2% Inflation Will Be Challenging for the Fed, Feroli Says
Bloomberg
Financial

Citi Wealth's Moore Still Bullish on Tech, Despite Alphabet's Miss

Kate Moore, Citi Wealth chief investment officer, says she's still bullish on tech and the US economy despite Alphabet reporting disappointing results for search and advertising sales. Moore also reacts to the Fed leaving rates unchanged and the importance of spending on cyber security.

Leia mais: Citi Wealth's Moore Still Bullish on Tech, Despite Alphabet's Miss