Europe’s rescue fund got an important boost today. Germany’s top court ruled the bailout fund is legal under German law. But what exactly does that mean for the troubled continent? Josh Brown, vice president of Fusion Analytics, says “this was one of the big headwinds that market commentators and strategists had been fretting about, really, for the last few months.” The decision paves the way, he says, for Mario Draghi and the ECB to take the rescue into overdrive, and now his “bazooka” has some ammunition. Meanwhile, here at home, the Federal Reserve kicks off a two day meeting today, and later this week we should know whether the Fed plans to pump more money into the U.S. economy.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?