A vendor serves customers at a fresh produce stall inside the Great Market Hall in Budapest, Hungary, on December 21, 2022. Hungary's central bank dampened expectations for monetary easing, saying it needs to see a sustained improvement in the economy's risk profile before it can start slashing the European Union's highest key rate.
Underlying inflation cooled in the United States and quickened in Europe, according to the latest readings, while central bankers in both regions signaled they're prepared to raise interest rates further.
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