(Bloomberg) Traders are betting the European Central Bank and Bank of England will deliver fewer and slower interest-rate cuts this year after a surprisingly hot inflation reading in the US spurred a rapid repricing in the outlook for monetary policy globally.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsChinese Cement Maker Halted After 99% Crash in 15 MinutesUS Inflation Refuses to Bend, Fann
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Dollar Is Held Back Due to Upcoming U.S. Data, Europe's Improving Economy
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