Fed and ECB Now Set for at Least One More Hike, ING Says -- Market Talk
Dow Jones2026/09/18 13:321332 GMT - ING now expects both the Federal Reserve and European Central Bank to hike interest rates once before the end of the year, a change from the holding path it previously forecast. "Wednesday's Fed meeting and last week's ECB meeting have shown us that both central banks are not likely to follow the very dovish path we anticipated," ING economists say in a note. Both central banks are facing a supply-side shock driven by surging energy prices that has so far produced only limited knock-on effects across the broader economy, set against still-fresh memories of the 2022 inflation surge and delayed monetary-policy responses, the economists say. They suspect both banks to increase rates in December. (edward.frankl@wsk.com)
(END) Dow Jones Newswires
September 18, 2026 09:32 ET (13:32 GMT)
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