European markets are set to fall on Friday after a hotter-than-expected U.S. inflation print and hawkish remarks from a Federal Reserve official.
, fresh data revealed on Thursday, far ahead of expectations and marking the highest year-on-year rise in consumer prices since 1982.
Risk sentiment was then further dampened when St. Louis Fed President James Bullard, a member of the Fed's rate-setting committee, acknowledged that the reading had rendered him "dramatically" more hawkish. Bullard said he's now hoping for a full percentage point of interest rate rises in the first half of the year.
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