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Lagarde’s Inflation-Fight at ECB Makes Fed’s Job Look Simple

  • Binary choice of rate-hike size masks litany of challenges
  • Lagarde’s job is looking tougher than Powell’s, economists say
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Breaking ‘Inflation Fever’ Offers No Relief to Central Banks

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Just a quarter-point of interest-rate hikes is all that separates the European Central Bank’s two key options at this week’s decision, and yet few would envy Christine Lagarde’s task.