bond-market

The ECB is virtually certain to hike rates Thursday. Here is why Wall Street is bracing for what comes next.

Central bank officials at the European Central Bank are widely expected to raise interest rates on Thursday, a move that markets have largely priced in. However, bond traders disagree over how high rates will eventually go in this tightening cycle, and much of the outlook hinges on developments in the Middle East that could push energy costs and inflation higher.