European Central Bank Seen Raising Rates Only Once More, Limited Impact on Euro

The European Central Bank is expected to raise interest rates only one more time, and this is not seen as having much impact on the euro. According to Jin10, the more relevant factor is the U.S. Federal Reserve backdrop, as core PCE has remained firm for six months and labor conditions have improved. The report said the Federal Reserve may be driven by unique domestic U.S. factors.