HomeTwitterWith inflation at record highs, the European Central Bank cemented expectations of a rate hike for the first time in over a decade

With inflation at record highs, the European Central Bank cemented expectations of a rate hike for the first time in over a decade

WATCH: With inflation at record highs, the European Central Bank cemented expectations of a rate hike for the first time in over a decade https://t.co/Jl7AGjShy7 pic.twitter.com/pdCWIRzpMV

— Reuters Business (@ReutersBiz) May 11, 2022

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Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched.

“The consumer has actually evolved quite a bit in a really, really interesting way,”

The Fed has hiked interest rates to combat inflation.

Two-year Treasury yields, which are sensitive to Fed policy, remained higher after the release of Fed minutes.

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