There's no call to action by the European Central Bank, says Jeffrey Kleintop, Chief Global Investment Strategist, Charles Schwab. He compares the expected Fed rate hikes compared to the European rate hikes and says they have very different approaches in how they are reacting. He says we are not seeing an inverted yield curve in Europe like we are in the U.S. He says equities have performed better in Europe than the U.S. Tune in for the full discussion.
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