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ECB's Schnabel: Energy Shock More Persistent, Inflation to 4%, Rate Hikes Priced
Valor Econômico·DE · US · IR·about 10 hours ago
The dollar is trading near a two-month high after strong manufacturing data reignited inflation concerns, prompting markets to price in potential rate hikes. The move reflects a shift in rate expectations, though the Fed's next move remains data-dependent.