A 25 bps ECB Rate Hike Today is Our Preferred Scenario

Markets August US CPI inflation data didn’t alter flagged Fed plans to keep policy rates stable at next week’s FOMC meeting. They nevertheless suggest a hawkish bias for November/December meetings as headline inflation rose at the fastest pace since June of last year (0.6% M/M). Rising energy (commodity) prices risk complicating the global disinflationary process […]

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