Topic: #macro
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ECB's Schnabel calls for June rate hike to combat 3% inflation
Isabel Schnabel, an ECB Executive Board member, says the central bank must raise rates at its June 10-11 meeting to counter euro-area inflation running at 3%, well above the 2% target. Markets price the odds of a 25 basis point hike at 85%.
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US-Iran tensions escalate as tanker boarding strains ceasefire talks
US Marines boarded an Iranian tanker in the Gulf of Oman on May 20, prompting Iran to demand $12 billion in frozen assets and threatening negotiations. The seizure marks the latest flashpoint in a fragile ceasefire and highlights crypto's role in sanctions enforcement.