Economy News
ECB hikes, cuts growth outlook; US core inflation remains bit firmer

The European Central Bank raised interest rates this week and trimmed growth estimates as President Christine Lagarde signaled a shift that could mean borrowing costs have peaked. US core inflation came in a bit firmer than expected, keeping open the possibility that the Federal Reserve will hike later this year after an expected pause next week. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

News Source:- https://economictimes.indiatimes.com/small-biz/trade/exports/insights/ecb-hikes-cuts-growth-outlook-us-core-inflation-remains-bit-firmer/articleshow/103726351.cms