Raghi’s Move Was Significant, Took Markets by Surprise: Former Fed Governor
March 12, 2019 at 08:30 AM EDT
Fears of a global economic slowdown permeated the markets after the European Central Bank (ECB) lowered its growth forecast for 2019 last week. “They’re basically admitting the economy is quite soft,” said Peter Cardillo, chief market economist at Spartan Capital Securities. This adds to one thing:...