Europe's historic inflation fight begins now

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What's happening: The ECB has made clear that it will hike rates at its meeting on Thursday for the first time in 4,032 days. The only question is the size of the increase, which could be as high as half a percentage point.Strategists think the central bank is likely to stick to a smaller increase of a quarter of a percentage point, betting that the ECB will be hesitant to contradict the past guidance it handed markets.But they also worry that a smaller rate hike could be a mistake.

Somebody should talk sense into Putin, the war is crippling the world economy.....

But the GOP told me inflation was all Joe Biden's fault.........

What could go wrong? Global recession

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UK Inflation Hits New 40-Year High of 9.4% as Cost-Of-Living Crisis DeepensU.K. inflation hit yet another new 40-year high in June as food and energy prices continued to soar, escalating the country’s historic cost-of-living crisis. THANKS BIDEN /s (I shouldn't need that but you never know)
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