Central Bank Meeting Confirms Need for Further Tightening
Monetary prudence will support growth and avoid a destabilizing bubble
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
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.
