The European Central Bank is making a mistake by aping the Fed with outrageous rate hikes

The Federal Reserve is set for its third straight three-quarter-point rate hike next week, and while we don’t know if it can pull off a soft landing for the US economy, it’s at least using the right tools for the right job.

Such is not the case in Europe, where rate hikes are playing into a looming recession that the tightening European Central Bank will only exacerbate and likely condemn the eurozone to another underperforming recovery once growth finally returns.

https://www.independent.ie/business/world/the-european-central-bank-is-making-a-mistake-when-it-apes-the-fed-with-supersized-interest-rate-rises-41990145.html The European Central Bank is making a mistake by aping the Fed with outrageous rate hikes

Fry Electronics Team

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