Central banks are finding it’s easier to push up stock and home prices than it is to prevent inflation from falling short of their targets.
The European Central Bank unexpectedly cut its benchmark interest rate to a record low in a bid to prevent slowing inflation from taking hold in a still- fragile euro-area economy.
Fidelity International’s Trevor Greetham said he’s been selling stocks over the past six months in anticipation of economic “difficulties” later this year.
The world economy is sliding into a “twilight zone,” trapped between outright expansion and renewed recession.
European central bankers broke new ground to protect their economies from a U.S.-led surge in bond yields, indicating they will keep benchmark interest rates low for longer than investors bet.
Euro-region stocks are missing this year’s global rally as four years of lockstep moves in markets break down amid diverging outlooks for economic growth.
Central bankers are taking a break rather than hitting the brake.
European Central Bank President Mario Draghi signaled he’d rather use interest rates than the printing press to bolster growth as the debt crisis drags the euro-area economy toward recession.
U.K. stocks closed little changed after Chancellor of the Exchequer George Osborne presented his annual budget to Parliament.
European stocks retreated after officials agreed to review the terms of Greece’s bailout and Standard & Poor’s downgraded the nation’s credit rating, reigniting concern about the sovereign-debt crisis.
"A sharp rise in inflation would change things, but there's not sign of it."
- Trevor Greetham on Nov 12, 2013