Critical week for rates

FED and ECB will decide on rates, but with different perspectives

WHAT HAPPENS
The week that has just begun is full of critical events for all financial markets. On Tuesday 13th there will be data on US inflation, on Wednesday 14th the Fed's decision on rates and on Thursday 15th the decision on ECB rates, not to mention the "Witch Friday" (quarterly expiry of options and futures).
In the FED they believe that past rate hikes have yet to produce their effects. Furthermore, monetary policy considers “real” objectives such as employment and growth and recent GDP data are particularly weak compared to global competitors such as China and India.
The ECB, on the other hand, is showing itself to be very aggressive. She believes she is worried about inflation, which effectively remains high, but she also has to deal with the cost of the public debt of the Eurozone countries, which has grown dramatically since 2020.

WHAT TO EXPECT
It is probable that the Fed will leave rates unchanged but will not hint at any end to the hikes to avoid spreading euphoria among traders.
On the other hand, it is also probable that the ECB will increase the discount rate by 0.25% and continue to prefigure further rate increases. The observation that Germany and the entire Eurozone have already entered a technical recession and the main indicators indicate red is of little use.
After all, the ECB has no interest in the real economy, as Lagarde herself has repeatedly reiterated. The ECB's only concerns are inflation and the health of the banking system. The rest is the prerogative of the States, which however are subject to strict budgetary constraints.
There is no doubt that this scenario would see the euro strengthen against the dollar and US stock exchanges outperforming the European ones.