• ECB held interest rates at 1.5% today. The markets are looking for affirmation that tightening begun in April is on hold for some time. From Reuters.
• The FED is mulling limited options to aid the stumbling U.S. economy. The “Twist” and lowering the the deposit rate are still being debated. Bernanke speaks in Minneapolis today. From the Wall Street Journal.
• President Obama speaks tonight about jobs. The $300B package floating around includes middle class and business tax cuts, as well as some infrastructure spending. There seems to be little consensus as to the effectiveness of the plan, assuming there are no surprises. From Reuters.
• The OECD cuts it growth forecast for the year. Germany’s cut back leaves the average growth rate for the three largest euro-zone economies down .4%. From the Wall Street Journal.