ECBs Nagel: A meeting by meeting basis has proven successful ...Middle East

A meeting by meeting basis has proven successful.With the current monetary policy stance ECB is well positioned to respond to unexpected changes.In contrast to growth effects of the US tariffs, the price effects in the euro area are less clear. Overall tariffs could even have a slightly inflation dampening effect through the effects on exchange rates.

Meanwhile, Jamie Dimon thinks the Fed should be independent and expects them to cut rates. He has been calling for slower growth.

US stocks remain mixed with the Dow industrial average up 0.49%. The S&P down -0.13% and the NASDAQ index down -0.39%.

This article was written by Greg Michalowski at investinglive.com.

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