Eurozone Inflation Rises, ECB Hikes Ahead | Bermuda News

Eurozone inflation surged to 3.3% in August, fueled by soaring energy prices and tighter margins from energy firms—driven partly by the Iran conflict. While core inflation cooled slightly to 2.4%, the ECB is poised to hike rates again to 2.5% in September, as expected, with markets already pricing it in. The central bank may pause after this move, citing a soft job market and stagnant wage growth, but traders are betting on two more hikes, anticipating persistent energy pressures and global rate moves. The ECB could wait until December to decide if further tightening is needed. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f363482ff2969013