![EUR/USD drops below 1.0850 on mixed inflation data, ECB-Fed rate hike speculations EUR/USD drops below 1.0850 on mixed inflation data, ECB-Fed rate hike speculations](https://shmi.ir/wp-content/uploads/2023/09/EURUSD-drops-below-10850-on-mixed-inflation-data-ECB-Fed-rate-150x203.jpg)
[ad_1] Share: US PCE inflation aligns with estimates but shows an uptick, while Initial Jobless Claims come in lower than expected, adding complexity to the Fed’s rate decision. ECB board member Isabel Schnabel reignites stagflation fears but doesn’t rule out more rate hikes; EU inflation data mixed, with core HICP falling to 5.3%