Comments by Fed chair Jay Powell come a day after ECB signalled possible movement in June
Jay Powell
Markets buoyed by suggestion central banks are finished hiking rates for now
Decision follows sharp rise in borrowing costs led by surging long-term bond yields
Markets just don’t believe Fed chair Jerome Powell when he suggests two more hikes are coming
Treasury secretary Janet Yellen has warned the US federal government may run out of cash as early as June 1st
We must recognise the stability risks — whether over-concentration or digital herding — as well as the benefits
Incumbent had been renominated by Biden late last year
Every large sector in the red, with discretionary and tech firms among biggest fallers
UK inflation now heading above 10%, with further rate hikes flagged in coming months
FTSE 100, France’s CAC 40 and Germany’s Xetra Dax hit by declines after Wall Street sell-off in previous session
Central bank has become more concerned about highest US inflation rate for 40 years
Asset shedding plan comes as US central bank likely to implement 0.5% rate rises at future meetings
10-year Treasury yield back above 2% ahead of Federal Reserve meeting
S&P 500 ends month down 5.3% as investors recoil over prospect of rising interest rates
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