ECB's Nagel offers warning to traders betting on impending rate cuts

Discussion in 'Wall St. News' started by Nighthawk, Dec 20, 2023.

  1. In his words:

    "I would say to everyone who is speculating on an imminent interest rate cut: Be careful, some people have already miscalculated that. We must initially remain at the current interest rate plateau so that monetary policy can fully develop its inflation-dampening effect."

    upload_2023-12-20_10-30-5.png
     
  2. maxinger

    maxinger

    upload_2023-12-20_19-38-10.jpeg



    This sounds more appropriate for the traders :


    In other words:


    "I would say to everyone who is trading on an imminent interest rate change:
    Be alert for trading opportunities. Some people have already anticipated that.


    We must always react to the market and not predict the market."



    upload_2023-12-20_19-34-7.jpeg
     
    Last edited: Dec 20, 2023
    gwb-trading likes this.