Market Talk Roundup: Eurozone Inflation Rises, But ECB Still Expected to Cut Rates
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Eurozone Inflation up to 2% in October as Unemployment Hits New Record Low
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Eurozone inflation accelerated in October, with the harmonized CPI up 2% year-on-year, exceeding expectations.
Today's slightly higher-than-expected inflation data, combined with yesterday's release of economic data in Europe exceeding expectations, have led investors to already reduce bets on a larger interest rate cut by the European Central Bank in 2024.