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European Central Bank raises interest rates ahead of Federal Reserve meeting next week

CN
CitrixNews Staff
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European Central Bank raises interest rates ahead of Federal Reserve meeting next week

The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday ahead of Kevin Warsh’s first Federal Open Market Committee (FOMC) meeting as chair of the Federal Reserve next week.  “The war in the Middle East is generating inflation pressures and the decision to raise rates is robust across a range of…

Originally reported by The Hill. Read the full story at the original source.