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The Global Macro Week Ahead
Euro-area inflation probably hit another record last month, just short of 10%, keeping the heat on the European Central Bank as it considers how aggressively to raise interest rates. The consensus is for a new all-time high for consumer-price increases of 9.7%. chart Data for the 19-nation euro zone are due Friday following reports from the region’s three largest economies and an assessment of business sentiment around the bloc. With prior readings having given a key impetus to expand tightening at the past two ECB meetings, the new report is likely to be one of the most important ingredients for the next ... (full story)