Dollar on track for largest monthly gain in a year amid Fed rate hike expectations
inflation data that could confirm growing investor confidence that the Federal Reserve will raise rates at least once this year.
US inflation hits three-year high as consumer spending rises
US consumer spending accelerated in May as prices rose at the fastest pace in over three years.
Schnabel from ECB: Further rate hikes needed to achieve 2% inflation target
However, since then, progress in peace negotiations has significantly reduced oil prices.
Finance Minister Bessent: US GDP growth could return to 3% by year-end
He expressed confidence that the US economy could resume this trajectory.
New wave of AI concern grips global stock exchanges
Stockholm Stock Exchange managed to stay in the green during Wednesday morning trading, albeit with a slight margin.
US dollar reaches yearly high amid Fed rate hike expectations; yen fluctuates near 40-year low
The yen strengthened after approaching a 40-year low.
Annual inflation in Canada reaches 29-month high amid rising oil prices
Canada’s annual inflation rate rose to a 29-month high in May, reaching 3.2 percent.
Fed Leaves Rates Unchanged, Officials Split Over Hikes This Year
The Federal Reserve left interest rates unchanged, with officials split over expectations of raising rates this year.
UK inflation unexpectedly holds steady at 2.8% in May
Інфляція у Великій Британії залишилася незмінною в травні, підтримавши підхід Банку Англії “почекати і подивитися” напередодні засідання.
Central Banks Return Gold Reserves Home and Expect Increased Purchases
Over the past 12 months, 9% of respondents increased domestic storage, compared to 5% the previous year.