Draghi Fires A Bazooka!
Draghi Fires A Bazooka! ECB President Mario Draghi announced that it was cutting interest rates causing the euro to rip higher and sending US Markets into a frenzy. Draghi has made it clear the bank would do whatever necessary to bring inflation to its 2% target so the market may have been expecting rate cuts. Overall, the stimulus should be seen as a positive global growth story as this mending of the European economy should bring forth future growth.