In addition to putting further pressure on U.S. home prices, the unemployment rate will also rise above 11.0%, they projected.

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In the euro zone as a whole, the unemployment rate in January was 7.4%, a percentage point or so below the rate at which, on past form, you might expect inflationary pressure to rise.

ECONOMIST: Economics focus

However, each time there's an interest rate rise in the Eurozone, there's a spot of extra upward pressure on the euro.

FORBES: Magazine Article