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Similar inflation trends in the United States and Europe? After this week, the European Central Bank's path to interest rate cuts may become increasingly difficult to navigate.
The eurozone may follow in the footsteps of the United States in terms of persistent inflation, and interest rate cuts after June may not be smooth sailing.
The expansion rate of commercial activity in the Eurozone in May reached a new high in a year, and the PMI rose to 52.2.
In May, business activity in the Eurozone experienced the fastest expansion in a year, thanks to the strong growth of the services sector.
European Central Bank encounters the dilemma of the Federal Reserve, and the road to interest rate cuts is no longer clear.
The European Central Bank may face obstacles similar to those of the Federal Reserve in lowering interest rates. Although there are significant differences in the driving factors of price growth on both sides of the Atlantic, some economists see important similarities and warn against underestimating the risks of more persistent pressures.
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