[Agency: European and American central banks are expected to keep interest rates unchanged in October, and the Fed may raise interest rates by 25 basis points in December] On October 26, the Federal Reserve and the European Central Bank will hold monetary policy meetings this week. Karsten Junius, chief economist and director of economic research and analysis at Swiss bank GAIN Capital, believes that European and American central banks do not need to rush to raise interest rates in October. Although inflation risks still exist, both major central banks must weigh the inflationary pressure brought by energy prices and the impact of tightening financial conditions. The European Central Bank is expected to keep interest rates unchanged. In the United States, the bank believes that inflation expectations reflected in market indicators remain stable, and financial conditions continue to tighten, leaving room for Federal Reserve Chairman Warsh to patiently observe. However, considering that without further tightening of monetary policy, inflation will be difficult to return to the 2% target. Therefore, the bank maintains the Federal Reserve's forecast of gradually raising interest rates. It is expected to raise interest rates by 25 basis points in December, and then raise interest rates three times quarterly next year. As demand gradually cools, the final interest rate will be pushed to a range of 4.75% to 5%.