Europe Hikes Rates Again, More US Inflation Data Came in Hot

The European Central Bank has again raised interest rates by 25 basis points in it's ongoing effort to fight inflation. Also after yesterday's hotter than expected CPI report, this morning we again have higher than expected inflation being reported in the Producer Price Index (PPI). Bond and Forex markets are volatile this morning as traders digest this information.

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#ECB #PPI #Inflation