|
The US and EU central banks will communicate their rate decisions this week on respectively Wednesday, 3 May and Thursday, 4 May. Ethenea's portfolio managers Illia Galka and Volker Schmidt shed their light on what to expect.
Fed: one last round?
After the bankruptcy of California's Silicon Valley Bank (SVB), the Fed's Federal Open Market Committee (FOMC) may have found an unexpected helper in the fight against inflation. Although it has not (yet) led to a major banking crisis, it has tightened conditions in US credit markets. Current indicators suggest that US banks are becoming more restrictive in their lending, with the result that fewer companies want to expand for lack of cheap sources of financing, which in turn contributes to...
|