Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
The European Union’s central bank lowered interest rates for the first time since 2019 on Thursday, which, though heavily anticipated by economists and investors alike, represents a major milestone in the global economy’s monetary policy pivot—and draws more attention to the Fed .
The Stoxx 600, Europe’s benchmark stock index akin to the S&P 500, touched a new all-time high Thursday following the announcement.We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to 335-0739 or sign upThough central banks do not move in lockstep, the growth-friendly shift from decision makers abroad puts increased focus on when the U.S.’ Federal Reserve will follow suit.
Interest Rates Ecb Fed Bond Yields Stoxx 600
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