The ECB and the Fed Are Trading Playbooks. What It Means for Markets.
1. ECB keeps interest rates steady after four cuts this year. 2. Investors expect the Fed to cut rates next week for the first time since December. 3. U.S. dollar might weaken if Fed lowers rates while ECB stays unchanged. 4. Political pressures from Trump on the Fed could influence future monetary policy. 5. Lagarde warns of dangers from attempts to control the Fed's independence.