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The ECB is virtually certain to hike rates Thursday. Here is why Wall Street is bracing for what comes next.
Source: marketwatch.com
Monetary PolicyInterest Rates & YieldsEnergy Markets & PricesInflationGeopolitics & WarCredit & Bond Markets

Markets broadly expect the ECB to raise rates today, but bond investors are divided over the terminal rate for the current tightening cycle. The outlook hinges on Middle East developments and whether they lift energy prices and inflation, potentially requiring further ECB tightening.
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