[Indosuez Wealth Management: Market Expectations for Fed and ECB Rate Hikes Are Too Aggressive] On November 6th, Indosuez Wealth Management believes that the market is pricing in a more hawkish path for the Federal Reserve and the European Central Bank's interest rates than its baseline scenario. Strategists Lucas Merrick and portfolio manager Alexander Bell expect stable economic growth and a gradual return of inflation to normalcy to limit the room for central banks to tighten monetary policy. They stated that accumulating enough moderate underlying inflation and economic growth data to achieve this scenario will take time, during which time the bond market will remain volatile. The money market currently expects the Fed to raise rates approximately 1.5 times and the ECB to raise rates twice over the next 12 months. (Source: Jinshi)