Euro-area inflation reached 3.3% in August, the fastest in nearly three years, and the ECB looks set to deliver a second rate hike at Thursday's meeting.

Euro-area inflation reached 3.3% in August, the fastest in nearly three years, and the ECB looks set to deliver a second rate hike at Thursday's meeting.
The #ECB is fighting the second-round effects of an #inflation shock that it cannot directly eliminate, chart @economics
www.bloomberg.com/news/article...
US strikes 3 Iranian oil tankers — Hormuz tanker war escalates. Brent ~$95 (+8% wk), 6th session >$90. ECB Sep 10 hike 99% priced (2.50%, "then done"). Junk spreads at post-'Liberation Day' highs — credit stress migrates. N100 sits 21pts above the 1,889 gate. Bund 3.36%. $DAX #ECB #Brent #Bund
#EUEconomy & #Eurozone: #ECB must be prepared to lift interest rates further, says top policymaker, by @olafstorbeck.ft.com | Financial Times
www.ft.com/content/2a41...
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EUR/USD is back below 1.1600 as softer Eurozone core inflation at 2.3% reduces pressure on the ECB to stay aggressive.
Can the euro find support without a stronger rate story?