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Lagarde’s Market Pushback Slammed by Aggressive Rate-Hike Bets

  • Money markets price 20 basis points of hikes in October 2022
  • Euro-area inflation rate unexpectedly breached 4% in September
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Lagarde: Bets on ECB Hikes Not in Line With Guidance
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Markets aren’t buying Christine Lagarde’s efforts to push back against increasingly aggressive bets by traders that the European Central Bank will raise interest rates next year.