Updated with comments from ECB President Mario DraghiNEW YORK ( TheStreet) -- The European Central Bank trimmed its key interest rate by a quarter percentage point to 1%, in line with the forecasts of most economists, but President Mario Draghi dimmed market hopes when he said there is no plan for large-scale government bond purchases.
Draghi Dents Optimism After ECB Trims Rates
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.