Euro-Zone inflation gauges hold above 5% before key ECB meeting

News Snapshot:

Euro-area inflation stopped slowing in August, presenting European Central Bank officials with a quandary as they weigh whether pressures are too persistent to risk a pause in interest-rate hiking. Most Read from Bloomberg Consumer prices rose 5.3% from a year earlier, stuck more than 2 1/2 times above the goal sought by policymakers, because of energy. Economists had anticipated weakening. An underlying measure stripping out volatile items slowed as expected to reach exactly the same level as the headline gauge. Traders continued to pare bets on further increases in ECB borrowing costs, focusing on the slowing of so-called core inflation,...