by James Rickards
Fortunes will be made or lost in seven days based on the actions of just two individuals.
Tomorrow, March 10, the Governing Council of the European Central Bank (ECB), led by Mario Draghi, will meet in Frankfurt, Germany. The ECB is meeting to decide whether to make its negative interest rates even more negative, and whether to expand the eurozone version of quantitative easing (QE).
Less than a week later, next Wednesday, March 16, the Federal Open Market Committee (FOMC) of the Federal Reserve System, led by Janet Yellen, will meet in Washington, D.C. The FOMC is meeting to decide whether to raise interest rates again after the “liftoff” in interest rates last December.