Fed meeting news: Another big rate hike likely as US ramps up inflation fight

Eurozone inflation is set to rise again when July's data is released on Friday. Consumer prices in the eurozone rose at an annual pace of 8.6 per cent in June, the highest rate since the existence of the euro currency.

Fed meeting news: Another big rate hike likely
Futures markets are betting that the Fed's key interest rate will be 3 per cent in September, implying a 0.75 per cent interest rate increase. Pic: Reuters

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