Fed and ECB: December Rate Hikes Look Increasingly Likely

Persistent core inflation strengthens the case for further Fed tightening. December appears the more likely timing for another US rate increase. Hawkish ECB comments also point towards another hike before year-end. EUR/USD may depend on differences in the expected scale of tightening. Persistent inflation is strengthening the case for further monetary tightening in both the […] The post Fed and ECB: December Rate Hikes Look Increasingly Likely appeared first on ActionForex.