ICCIAUS Weekly Economic Update powered by Intesa Sanpaolo

23/04/2021 - In this week's economic update:

  • FOMC meeting - The Fed should confirm optimism on the recovery, now at an “inflection point” but still subject to downside risks tied to the pandemic, With the economy still distant front the Fed’s goals, forward guidance will remain based on outcomes, not on forecasts.

  • The press conference of the European Central Bank was anything but an event, to be remembered above all for the evasiveness with which even the most reasonable questions were addressed. On June 10, with the publication of new staff estimates and the need to announce whether the pace of PEPP purchases remains unchanged or is scaled back, the event could be more interesting.
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