Constantin Gurdgiev: Long-term Fed path may force ECB to act
Positives for Ireland, but 'normalisation' in US may lead to higher euro zone rates
On Wednesday, the US Federal Reserve Federal Open Markets Committee (FOMC)raised its headline policy rate 25 basis points to a range of 0.5 per cent to 0.75 per cent. This marked an end to a year of active inaction by the Fed that started with an interest rate hike in December 2015.
The immediate impact of the Fed hike is less important andhas already been priced by the markets. In anticipation of the ...