Attending the Institute of International Finance (IIF) conference in Washington today
- “Well past” reference in the guidance is important
- Negative rate policies haven’t badly hurt bank profits
- (“Well Past”guidance)Reinforces Stimulus From QE & Low Rates
- Extremely important to keep interest rate expectations anchored
So far EURUSD has moved 10 pips between Brainard,Powell, Praet and Draghi 1.1836 to 46… The wave , where is the wave ?