Fed Set to Raise Rates Again, other Central Banks Sound Ready to End the Easy Money, too

Fed Set to Raise Rates Again

✅ Draghi’s comments come ahead of the Fed’s two-day meeting and anticipated rate hike Wednesday, but they also come as the Bank of Japan sounds slightly less dovish and other central banks raise their interest rates.

✅ Draghi’s comments are seen as part of a chorus of ECB officials who are sounding more hawkish.

✅ European Central Bank President Mario Draghi says factors are masking what could become “relatively vigorous” inflation, a comment that sends the euro higher.