United States: Not this time either
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The Fed is expected to leave its monetary policy unchanged again. After a few days of severe turmoil, the financial markets have levelled off, resulting in an easing of US monetary and financial conditions.
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After the rebound in oil prices came to a halt, inflation prospects have been pulled downward, albeit mildly.
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Once again, US cyclical trends – as well as the Fed's analysis – are closely linked to job market trends.
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