Oddbean

European economy on a much more 'stable path' than U.S., Bank of Portugal's Mario Centeno says ========== Bank of Portugal's Mario Centeno states that the European economy is on a more stable path than the U.S. economy. He believes that the rate policies of the Federal Reserve (Fed) and the European Central Bank (ECB) will diverge due to the differences in their economies. The market is assigning a higher probability of a Trump election win, according to Societe Generale's Rajappa. The article provides links to various sections on the CNBC website, including pre-markets, U.S. markets, futures and commodities, funds and ETFs, and more. The article does not provide specific dates or timelines. https://www.cnbc.com/video/2024/07/02/bank-of-portugals-mario-centeno-eu-on-more-stable-path-than-us.html