ECB

The goal is to name outgoing president Lagarde’s successor at the bloc’s Dec 17 to 18 summit

She reiterates ECB’s latest analysis that risks to the economic outlook are on the downside

In the US, solid economic growth has been bolstering the job market, allowing the Fed to zero in on inflation

Markets expect four more rate increases over the next year after they were raised twice in the summer

The surge in energy prices have pushed up market bets for ECB rate hikes

Traders are pricing in a 93.9% chance of a quarter-point rate hike from the ECB in December

The decision was guided by fresh projections showing inflation averaging 3% this year

It is expected to raise interest rates from 2.25% to 2.5%

The Strait of Hormuz “has become the swing factor for the ECB’s future decisions”