European Central Bank to Raise Rates Amid Record Inflation

by Martin Armstrong, Armstrong Economics: Inflation in the euro area reached a record high of 8.1% in May across the 19-member states. It is no longer possible for the European Central Bank (ECB) to release optimistic or neutral forecasts. The ECB now expects inflation to hover near 6.8% in 2022 before declining to 3.5% in […]