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ECB Hikes Rates as Fed Hike Odds Surge
The ECB’s latest rate hike, combined with hotter-than-expected US inflation data, has increased speculation that the Federal Reserve could raise rates again. Rising energy prices, stubborn inflation, and growing debt costs are putting pressure on global markets. Meanwhile, BRICS leaders gather amid geopolitical tensions, and the UK economy posts stronger-than-expected growth driven by AI.
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