The model is lowering market exposure at today’s levels #ROption
The European Central Bank is all but certain to approve a fresh stimulus package to prop up an ailing economy and arrest a dangerous slide in inflation expectations. Its measures could include a rate cut, more support for banks, a fresh pledge to keep rates low for longer and more asset purchases.
On the U.S. economic tap, the Labor Department is expected to report Consumer Price Index for August increased 0.1% following a 0.3% gain in the previous month. On an annual basis, the inflation is likely to remain unchanged at 1.8% in August. Separately, initial jobless claims for the week ended Sept. 7 are likely to have decreased to 215,000 from 217,000 in the week before.