Morning Scan: ECB Cuts Deposit Rate; Yellen Hints of Hike

Breaking News This Morning ...

ECB QE Expansion: While the Fed considers a rate hike, central bankers across the pond appear did the opposite. The European Central Bank Thursday increased stimulus in the face of low inflation. The ECB slashed the deposit rate to -0.30% from -0.20%. Inflation in Europe remains well off where central bankers want it to be, at 0.1% versus the desired 2%. The effects of this QE expansion though are unclear, according...