[Viewpoint: The Federal Reserve and European Central Bank may each raise interest rates at least once more] ING expects that the Federal Reserve and the European Central Bank will each raise interest rates once more before the end of this year, which differs from the previously forecasted path of 'keeping rates unchanged.' ING economists stated in a report: 'Wednesday's Federal Reserve meeting and last week's European Central Bank meeting indicate that these two central banks are unlikely to adopt the very accommodative monetary policies we had previously anticipated.' These economists pointed out that both central banks are currently facing supply-side shocks triggered by surging energy prices, although the overall impact on the economy remains limited for now. Meanwhile, the sharp rise in inflation in 2022 and the delayed monetary policy response are still fresh in people's minds. Economists expect both central banks may raise interest rates in December.