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2026-09-18 20:24:10
[ING expects the Fed and ECB to each raise interest rates by 25 basis points in December to curb the spread of energy inflation] (1) ING strategists expect the Fed and ECB to each raise interest rates by 25 basis points in December, with policymakers aiming to prevent rising energy prices from spreading to broader inflation. (2) A team of strategists led by Carsten Brzezinski wrote in a research report on Friday that the two central banks are facing a “supply-side shock triggered by soaring energy prices, which has so far had a limited ripple effect on the overall economy.” (3) They predict that the ECB will implement a “defensive rate hike” to raise interest rates to 2.75%. (4) The Fed will raise interest rates to 4.25% and focus more on bringing inflation back to its 2% target.
