The document is a market commentary by Michael Vaknin, Chief Economist at J.P. Morgan Private Bank, discussing recent actions by central banks, particularly the ECB's new bond-buying program, Outright Monetary Transactions (OMT). It covers the implications of these actions on European assets, the US labor market, and potential future actions by the Federal Reserve. The commentary also includes data on US financial conditions and interest rates.
documents/EFTA01180848.pdf
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