Eurozone Data Reinforces Case For Another 50 Basis Points ECB Hike

Summary The Eurozone economy proved pleasantly—and surprisingly—resilient in Q2, with the initial estimate showing the region’s GDP grew by 0.7% quarter-over-quarter. Not only was that firmer than the consensus forecast for a 0.2% gain, it was also a modest improvement from the 0.5% gain seen in Q1. The Eurozone July CPI was also released, and […]

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