Did Europe Just Cut Rates to Rig the Election (is the fed next?!)

Last week's ECB rate cut was...odd. Sure, officials had said for months they were going to do it. Yet, the conditions that would have to be met were not. Policymakers went ahead anyway and this past weekend's developments are a big Big Picture reason why. Eurodollar University's Money & Macro AnalysisBloomberg Italy’s Tajani Calls for Quick Second ECB Cut After June Movehttps://www.bloomberg.com/news/articles/2024-06-05/italy-s-tajani-calls-for-quick-second-ecb-cut-after-june-moveThe Times Back me for low interest rates, Rishi Sunak tells votershttps://www.thetimes.com/uk/politics/article/rishi-sunak-tories-interest-rates-general-election-962mpcmjxAP UK inflation lowest in 3 years. Prime Minister Sunak makes it a focus in election call for July 4https://apnews.com/article/britain-economy-inflation-interest-rates-090db19af939b9c532da1fb15ab40a0aLeMonde Moody's warns that France's snap election could lower credit ratinghttps://www.lemonde.fr/en/france/article/2024/06/11/moody-s-warns-that-french-snap-election-could-lower-credit-rating_6674498_7.html#https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU