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This is, for the financial markets at least, a big week. The Federal Reserve will shortly announce an increase in interest rates – and, writing ahead of the announcement, the thing to look for will be signals as to how many more rate rises we should expect this year. Will it be two, three or four? Meanwhile the European Central Bank meets tomorrow to decide about the ending of its version of quantitative easing (QE). It has been expanding the eurozone money supply by every month buying bonds off the market. It now holds nearly a quarter of the eurozone countries’ sovereign debt, plus a lot of other stuff too. Most of the discussion about all this has been about the impact on the economy a... Full story

13 June