Inflation Fears Dial Back Hike Bets as Fed and ECB Minutes Loom

The Federal Reserve and European Central Bank are set to release minutes from their September meetings at which they raised benchmark rates in response to growing inflation concerns.

However, with recent soft US jobs data and stress in French financial markets, the urgency among policymakers to follow up on these hikes has waned.

The central banks' decisions are expected to reflect this shift in sentiment as they tackle mounting inflationary pressures.