More liquidity is coming in Europe. European Central Bank president Mario Draghi told EU officials that the central bank is ready to bolster its stimulus efforts if necessary. Jasper Lawler, a market analyst with CMC Markets, based in London, says Draghi’s remarks foreshadow more stimulus to be announced at the ECB’s Dec. 3 meeting. Draghi said inflation in the 19-nation eurozone has ‘somewhat weakened,’ strengthening the need for more quantitative easing. The ECB commenced its massive $1.2 trillion stimulus program back in March, in an effort to lift inflation and boost growth. The ECB’s December meeting is just 13 days before the Federal Reserve’s all-important meeting, a time when many economists and market participants think the Fed will raise short-term interest rates for the first time in nearly a decade. TheStreet’s Scott Gamm reports from New York.
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