Europe Grapples With Stagflation-Lite. Trump To Eye Weak Currency

Headline inflation's back above target in Europe, but don't worry, the ECB will probably cut rates again anyway next month. 12-month price growth was 2.3% in November, preliminary figures released on Friday showed. That was the warmest since July and it came courtesy in no small part of base effects, which is to say the increase was expected. November marked the second consecutive month during which the headline pace moved higher. Core was 2.7%. Again. It's been stuck there since September,