scorecardresearchEuro zone yields rise after US Fed minutes focus on inflation

Euro zone yields rise after US Fed minutes focus on inflation

Updated: 07 Jul 2022, 01:10 PM IST
TL;DR.
A deteriorating inflation situation and concern about lost faith in U.S. Federal Reserve's power to make it better prompted U.S. central bank officials to rally around an outsized interest rate increase and firm restatement of intent to get prices under control, the minutes of the bank's June meeting where it hikes rates by 75 basis points showed on Wednesday.
(FILES) In this file photo taken on June 15, 2022 The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany. - The European Central Bank should only use a planned tool to fight elevated borrowing costs in the eurozone in exceptional circumstances, the head of the Bundesbank said on July 4, 2022. (Photo by Daniel ROLAND / AFP)

(FILES) In this file photo taken on June 15, 2022 The headquarters of the European Central Bank (ECB) is pictured in Frankfurt am Main, western Germany. - The European Central Bank should only use a planned tool to fight elevated borrowing costs in the eurozone in exceptional circumstances, the head of the Bundesbank said on July 4, 2022. (Photo by Daniel ROLAND / AFP)