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Key events in developed markets and EMEA next week
The resilience of the US economy makes a July rate hike look certain, with the market sensing a strong chance that we get another before the year's end. In the UK, the size of the August rate hike seems to be dependent on wage inflation data. US: July rate hikes looks certain. The resilience of the US economy has seen market interest rate expectations push higher with the yield on the 10Y Treasury bond breaking above 4%. A July rate hike looks certain with the market sensing a strong chance that we get another hike, as suggested by the Federal Reserve, before year-end. The upcoming data flow centres on inflation and ... (full story)