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.
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.
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.
ECB Set to Raise Interest Rates for the First Time Since 2023, European Markets Open Cautiously
Investors expect a 25 basis point rate hike, which could impact economic growth and corporate profits.
Switzerland’s Inflation Hits 16-Month High Amid Rising Energy Prices
Switzerland’s inflation accelerated to a 16-month high in April, driven by rising energy prices. The central bank expects the surge to be temporary.