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Central Bank Meeting Confirms Need for Further Tightening

Central Bank Meeting Confirms Need for Further Tightening
Federal Reserve Board chairman Jerome Powell testifies before the House Financial Services Committee on Capitol Hill Feb. 27 in Washington, D.C. Chip Somodevilla/Getty Images
Daniel Lacalle
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If we analyze the consensus expectations of analysts and investment banks at the end of 2017, the conclusion was unanimous: buy Europe and emerging markets against the United States, amid weakening dollar estimates in 2018.
It has been exactly the opposite.
Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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