Hawkish Fed hurts global stocks

Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank’s commitment to bringing inflation under control by tightening policy.

Anjali Sundaram | CNBC

LONDON – European markets retreated slightly on Wednesday US Federal Reserve The policy maker is making investors hesitant.

Pan-European Stoxx 600 The index fell 0.2% in early trade, while retail stocks fell 0.5% as most sectors and major bourses opened in negative territory.

Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank’s commitment to bringing inflation under control by tightening policy.

The comments come as markets prepare for a much-anticipated speech by Fed Chairman Jerome Powell, who will address the central bank’s tightening path, following its annual economic conference in Jackson Hole, Wyoming.

Asia-Pacific shares Then we got mixed up on Wednesday Dow Jones Industrial Average And S&P 500 It posted a third straight day of losses in the previous session. of China Shenzhen component Caused regional losses.

US stock futures Wall Street looks set for further losses ahead of Powell’s speech on Friday.

In Europe, investors will look to accounts of the European Central Bank’s latest monetary policy discussions on Wednesday, along with French consumer confidence readings for August.

It hit a 20-year low of $0.9901 on Tuesday Euro It recovered slightly overnight to trade at $0.9957 before hours on Wednesday.

See also  Russia-Ukraine War News: Live Updates

Leave a Reply

Your email address will not be published.