ECB Hikes Rates 75 Basis Points

September 8, 2022
Author: Peter Stolcers, Founder of OneOption

The central bank is more concerned with inflation than economic growth

PRE-OPEN MARKET COMMENTS THURSDAY – The ECB raised rates by 75 basis points this morning and the S&P 500 is giving back some of the gains from yesterday. This was on the high side of expectations and it signals that Europe is more concerned with inflation than an economic slowdown. The same can be said for the Fed and they will raise rates in two weeks.

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