From Stephen Pope, Managing Partner, Spotlight Ideas Economic sentiment rose to 101.2. Business Climate Index increased to 0.37. Consumer expectations for CPI declined to 13.6. German CPI falling; R2 with Eurozone 0.8929. ECB must act on March 6th. This penultimate day of February delivered a mixed bag of news for the Eurozone. On the positive […] Read more »
Unemployment Rates and Implications for US and UK Monetary Policy
By Alastair Thomas, Head of Rates and Treasury Management at ECM The central banks of the US, the FOMC or “Fed”, and the UK, the Bank of England (“BoE”) have tied their monetary policy to explicit unemployment levels as well as inflation. Since 1977 the Fed has had a dual mandate to target maximum employment […] Read more »