Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Sept. 14, 2023. The ECB raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone's increasingly feeble economy. The European Central Bank last week signaled that its Governing Council feels rates may have got there. Federal ReserveFed Chair Jerome Powell made clear last month that further hikes were on the table, and the central bank is deeply concerned about inflation experiencing a fresh acceleration if financial conditions ease. The consumer price index rose at its fastest monthly rate this year in August, mainly driven by energy prices, and was 3.7% year-on-year.

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Persons: Christine Lagarde, Berenberg's Holger Schmieding, Raphael Thuin, Thuin, Jerome Powell, J . Safra Sarasin Organizations: European Central Bank, ECB, Bloomberg, Getty, Deutsche Bank, Tikehau, Federal, U.S . Federal, J ., Fed, Markets, Reuters, Bank of England Locations: Frankfurt, Germany, Europe, U.S