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Euro Inflation Breaches 4% Increasing Lagarde’s Market Challenge

  • Consumer prices rose 4.1% in October, core rate reached 2.1%
  • Investors double down on bets for first ECB rate hike in 2022
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Lagarde: Bets on ECB Hikes Not in Line With Guidance
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Euro-area inflation accelerated more than expected to breach 4% for only the second time ever, adding to the European Central Bank’s challenge in battling increasingly aggressive market bets for interest-rate hikes.