ECB, BOJ, And Fed Face Rate-Hike Bets Amid Iran-Driven Energy Shock

Rate markets are pricing rate hikes from the ECB, Bank of Japan and Fed this month, with CME FedWatch putting the odds of a Fed move at 61.2% and swaps assigning the BOJ 97%. The ECB decides on Thursday in Berlin, the BOJ meets on September 18 and the Fed is in between, according to BeInCrypto, as all three weigh the same energy shock from the war in Iran. The ECB is expected to lift its deposit rate to 2.5% from 2.25%, while BOJ board member Kazuyuki Masu said the bank will keep raising rates.