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The European Central Bank’s Dovish Surprise: Pushing on a String

Rhea Thomas |
Wilmington Wire
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March 8, 2019— The European Central Bank (ECB) surprised markets yesterday with an earlier-than-expected announcement of policies intended to support growth in the face of persistent downside risks to the eurozone economy. The ECB’s actions might suggest the possibility of reacceleration in the eurozone economy after a marked slowdown in 2018.

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An Ugly Jobs Report

Luke Tilley |
Wilmington Wire
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March 8, 2019— The February jobs report was just plain awful. With a Bloomberg median expectation of 180,000 jobs added, and our own higher expectation of 200,000, the shockingly low figure of just 20,000 had many of us thinking we were looking at a typo. Along with some other weak data on retail sales and business spending, the weak jobs figure will certainly drive discussions of whether we are coming up on the end of the expansion.

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