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ECB Set to Raise Interest Rates in First Hike Since 2023

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The European Central Bank also raised its inflation forecasts and cut its growth outlook.
The producer price index was expected to increase 0.7% in May, according to the Dow Jones consensus forecast.
Iran will consider all of Elon Musk's companies in the Middle East as military targets as it retaliates against the U.S., Iranian state media reported.