The Federal Reserve is expected to react to yesterday’s higher-than-expected jump in inflation and many analysts are suggesting an interest rate rise could be closer than previously thought. European stocks have been cautious so far today as a Fed rate rise would move the bank further away from the ECB’s recent rate cutting and would put pressure on the euro. Around the world, especially in emerging markets, shares fell as fears grow of investors switching funds to the US if more favorable rates are imminent. Read the full story.
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