Shares rise, dollar falls as traders reassess rate-cut expectations
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November 18, 2024 7:23 AM EST
Erste: 'Trump changes the macro picture', Comments on EuroZone
The analyst comments "We expect US import tariffs on goods from the EU of 10% to have a slight dampening effect on Eurozone growth in the coming years. We assume that Eurozone growth will not yet be significantly affected in 2025 and continue to forecast GDP growth of 1%, just below potential. However, we... More
November 18, 2024 7:22 AM EST
Erste: 'Trump changes the macro picture', Comments on US
The analyst comments "Next year, we expect the US economy to weaken and the trends of falling inflation and moderately rising unemployment should continue into 2025, in our view, so the US Federal Reserve should continue on its current course. We expect regular rate cuts of 0.25% at the Fed's meetings through the summer of 2025 and then a quarterly cut of the same... More
