The Presidential Daily Brief

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    ECB, Federal Reserve Diverge on Interest Rates

    Europe and the U.S. have reached a fork in the road. This week the European Central Bank is expected to drop interest rates further, just ahead of a U.S. jobs report that will likely bolster Janet Yellen’s call to raise rates for the first time in nine years. The ECB may also increase charges for banks to park their money with it, hoping to get institutions to use funds instead to prop up the private sector — which some fear will make for an even bumpier currency-market ride.

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