Energy Prices Steal the Show as ECB Rate Hike Fades into Background

The European Central Bank's recent rate hike was not the main event, according to Benjamin Schroeder and Padhraic Garvey from Seeking Alpha. The real driver of market dynamics was energy prices, which were already high.

On September 11, 2026, the ECB made its decision to raise rates, but it wasn't about the policy itself or what Christine Lagarde said in the press conference.

The focus has now shifted to the US, where the Federal Reserve will make a decision soon. The upcoming CPI release on [no specific date mentioned] is expected to play a key role in shaping this decision.