Taking into account the Federal Reserve's realized and expected interest rate cuts, strong corporate earnings throughout the year, and record-high stock market levels, the case for bearish stocks looks increasingly inadequate... > >
European Central Bank Governing Council Nagel: Good progress towards achieving the inflation target. Inflation is expected to reach 2% by the end of next year.
Mr. Nagel, the ECB's governing council member, said he was well on his way to meeting his inflation target, which is expected to reach 2 per cent by the end of next year.
The Federal Reserve's Williams said the central bank remains committed to achieving its 2% inflation target; price stability is key to financial stability.