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October 2015

Markets continue to tread water

Published: Wednesday 28 October 2015

ECB Chief Economist Praet noted that there are downside risks to the Eurozone economy and that these would have increased recently. The ECB however, do have the tools to prevent deflation and depression but would re-examine the toolbox in December. Markets are continuing to tread water as markets are awaiting FOMC rate decision. The Fed are expected to keep policies unchanged and since there is no post meeting press conference. The focus will be solely on the accompanying statement which will be carefully dissected for hints of when the initial lift off may come.