The European Central Bank will be busy

THE annual symposium for central bankers in Jackson Hole, Wyoming was back in full force over the weekend or from August 26 to 28, 2022. The stock markets felt its full returning force when US Federal Reserve (Fed) Chairman Jerome Powell once again stated that he will raise interest rates until demand and growth subside in the United States.

The European Central Bank (ECB) is traditionally somewhat less outright in its communications, but a couple of ECB representatives at the symposium in Jackson Hole did indicate that the rate hike is coming, and it is only a matter of whether the interest rate rises by 0.50 or 0.75 percentage point on Thursday, Sept. 8, 2022.