Chris Giles, George Steele, Colby Smith report from London, Washington
Rising economic optimism pushed up stock markets on both sides of the Atlantic on Friday after euro zone inflation data and U.S. jobs data boosted hopes that the U.S. and European economies will experience soft landings this year.
But economists warn that while the recent sharp drop in energy prices has boosted the outlook for 2023, underlying inflation will continue to pressure the central bank to raise rates further to keep prices in check.
Philip Rush, founder of the consultancy Heteronomics, said: “In the era of radically addressing…
