Eurozone inflation rises above 3% while Fed governor signals support for another rate hike

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Eurozone inflation rises above 3% while Fed governor signals support for another rate hike

⚡ Markets: Hawkish signals from both the Fed and ECB contribute to the upward pressure on global bond yields and act as a headwind for risk assets.EURUSDDXYSPXUS2Y

Eurozone inflation climbed to a near three-year high of 3.3% in August, increasing pressure on the ECB for another rate hike. In the US, Fed Governor Michael Barr stated he would support raising rates again if inflation does not sufficiently ease, reinforcing the "higher for longer" monetary policy outlook.

West MSM 2Financial press 4Google Non-West 1Google West 2Non-West State 16 countries

10 sources across the spectrum

Financial pressCNBC — Fed Governor Barr says he'll support rate hike if inflation doesn't ease

Google Non-WestGoogle News (South Korea) — 바 연준 이사 "인플레 충분히 안 꺾이면 금리인상 지지"

Google WestGoogle News (Spain) — La inflación se dispara en la eurozona, con España a la cabeza de los grandes, y augura más subidas de tipos

Financial pressWall Street Journal — Eurozone Inflation Climbs to Near Three-Year High Ahead of ECB Meeting

West MSMReuters — Euro zone inflation rises above 3%, cementing ECB rate hike bets

West MSMThe Guardian — Fourth interest rate hike looms even as analysts predict house prices could fall 10%

Financial pressThe Block — Will the Fed hike on Sept. 16?

Financial pressFinancial Times — Eurozone inflation rises to 3.3% in August

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