$EURUSD Forex Signal: Waits for the ECB Decision, US GDP Data |
ECB decision ahead
In its statement, Jerome Powell warned that the path to bring inflation to 2% was a long one despite the recent decline. He sees inflation falling to the 2% target by 2025. The ECB will deliver its decision on Thursday. Like the Fed, analysts expect it to hike rates by another 25 basis points, bringing the rates to 4.25%, the highest level in more than two decades.
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