Fed and ECB officials point to different policy directions

US officials see a rate hike in 2022 as increasingly likely, while eurozone governors rule that out

L to R: The ECB and the US Fed

The US Federal Reserve and the European Central Bank (ECB) seem likely to take different policy directions in 2022.

Inflation is rising well above the 2% target both in the US and in the eurozone, but officials and investors are taking increasingly different policy positions across the Atlantic.

In September, the core Personal Consumption Expenditures price index, the Fed’s preferred measure of inflation, rose year on year by 3.6%. The Bureau of Economic Analysis will release October’s figures

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