Get ready. Something big might happen today. A major world central bank might actually hike interest rates.
At 1:45 Central European Time, or 7:45 AM ET, the ECB makes its highly anticipated announcement, which will be followed later up by a press conference.
The euro had been surging into this news, but is pulling back a bit today. It also may be reacting to the Portugal bailout news, although that’s not clear.