The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday ahead of Kevin Warsh’s first Federal Open Market Committee meeting as chair of the Federal Reserve next week.  “The war in the Middle East is generating inflation pressures and the decision to raise rates is robust across a range of scenarios…

The European Central Bank (ECB) raised interest rates by 25 basis points on Thursday ahead of Kevin Warsh’s first Federal Open Market Committee meeting as chair of the Federal Reserve next week.  “The war in the Middle East is generating inflation pressures and the decision to raise rates is robust across a range of scenarios…