Report
Is the ECB really dependent on the Fed?
The Fed sets a direction for monetary policy and the ECB follows. This is a widely held view. In these conditions, if we start to doubt rate cuts at the Fed, shouldn't we also doubt them at the ECB? This so-called leader-follower syndrome tells us more about the synchronicity of economic cycles between the two regions than about the ECB's subordination to the Fed or about an undeclared targeting of the euro exchange rate. The leader-follower pattern is the one that has been obser...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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