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ECB’s Go-Slow Approach Protects Europe From a Gung-Ho Fed

  • Fed hawkishness has shaken up the outlook for equities, bonds
  • ECB expects inflation to slow, won’t rush to hike rates
The European Central Bank (ECB) headquarters in Frankfurt.

The European Central Bank (ECB) headquarters in Frankfurt.

Photographer: Alex Kraus/Bloomberg

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The European Central Bank’s go-slow approach to monetary policy tightening is putting a wall around local bond markets against the global turmoil sparked by its U.S. counterpart.