Euro zone yields rose on Friday after Federal Reserve Chair Jerome Powell told the Jackson Hole symposium that the world's biggest central bank may need to raise interest rates further. In comments that balanced slowing inflation with the surprising overperformance of the U.S. economy, Powell said policymakers would "proceed carefully as we decide whether to tighten further." But he also made clear that the Fed has not yet concluded its benchmark rate is high enough to be sure inflation returns to its 2% target.
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