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Money Market Outlook: Our latest for the eurozone, US and UK
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https://think.ing.com/bundles/money-market-outlook-our-latest-for-the-eurozone-us-and-uk-sep26/
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4 itemsING Economics
Money Market Outlook: Our latest for the eurozone, US and UK
ING THINK
Rates Spark: Lower despite the ECB’s hawkish holdouts
The desk anticipates continued downward pressure on Eurozone rates, reflecting broader market dynamics and a subdued economic outlook. Per the full note from **ing-think**, despite hawkish sentiments voiced by ECB officials, such as Isabel Schnabel's comments on the need for further rate hikes, actual market movements suggest a shift in sentiment as macro data reflects potential weakness. Furthermore, the recent U.S. consumer spending data, which registered only 0.5% annualized growth, underscores the fragility of demand, lending additional credence to the view that rate hikes may be less imminent than previously thought.