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    ECB's Makhlouf: We should remain open-minded about rate path

    Source Fxstreet
    January 30, 2024 15:25

    European Central Bank (ECB) policymaker Gabriel Makhlouf said on Tuesday that the essence of data-dependency suggests that they should remain open-minded about the interest rate path, per Reuters.

    "With disinflation well underway, we are confident in sustainably reaching our target of 2%," Makhlouf added.

    Market reaction

    These comments don't seem to be having a noticeable impact on the Euro's performance against its major rivals. As of writing, the EUR/USD pair was virtually unchanged on the day at 1.0835.

    Disclaimer: For information purposes only. Past performance is not indicative of future results.
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    Stock Market Today: US futures point to a flat opening on MondayNasdaq futures trade flat at 17,994.50, Dow Jones futures are down 0.1% at 39,145.00 and S&P futures are virtually unchanged at 5,099.50 ahead of the opening bell on Monday.
    Source  Fxstreet
    Nasdaq futures trade flat at 17,994.50, Dow Jones futures are down 0.1% at 39,145.00 and S&P futures are virtually unchanged at 5,099.50 ahead of the opening bell on Monday.
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    Source  Fxstreet
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    Source  Fxstreet
    Federal Reserve Bank of Atlanta President Raphael Bostic told CNBC on Friday that his outlook is for a reduction in policy rate in the summer time, per Reuters.
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