European stocks and bond yields fell in early trade on Thursday after the Federal Reserve expressed concern over weak U.S. inflation, a trend which has clouded the outlook for the world’s largest economy. Some policymakers argued against future rate rises until there was more concrete evidence that inflation was moving back toward the Fed’s objective, according to minutes of the U.S. central bank’s last policy meeting. Money market futures (FFF8) are now pricing in about a 40 percent chance the Fed will raise rates by December, compared with just under 50 percent before the Fed’s minutes.
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