Federal Reserve Expects One Rate Hike in 2026, While ECB May Pause

According to Jin10, Federal Reserve Vice Chair Beth Kashkari expects one rate hike in 2026. Meanwhile, European Central Bank officials signaled cooling rate hike expectations, with anticipated 2026 increases falling short of 25 basis points. Domestically, China's central bank conducted a 300 billion yuan overnight reverse repurchase operation without disclosing the rate, with market participants noting the move was likely aimed at preventing policy signals from being over-interpreted.
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