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In the US, there are people at the Federal Reserve who fear that the pressure on interest rates against inflation is excessive

The European stock exchanges Look for the mid-session trend and continue to rise, with the Ftse Mib up 0.55%, the Dax in Frankfurt increasing by 0.69% and the Cac 40 by 0.36%, while the Ftse is weaker. Only 0.09%.

After an initial initial hesitation, European stock exchanges ignored signals from the minutes of the Federal Reserve’s last meeting in July, which showed that it may be necessary to slow the pace of US monetary tightening, putting the recovery at risk, even if the Fed again warns that inflation is too high and that Action is needed to keep it under control.

The inflation rate in the Eurozone increased by 8.9%. Schnabel (ECB) does not rule out a technical recession

On the aggregate front, today in Europe the final number ofinflation in the eurozone It confirmed the initial estimate for July of +8.9%, while second-quarter growth was revised slightly down to +0.6% from +0.7%. Isabelle Schnabel, a member of the ECB’s Executive Committee, said the ECB sees a worse picture of growth in the eurozone and “I wouldn’t rule out the possibility that we would enter a technical recession”.

But inflation worries…;

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Earl Warner

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