The U.S. Senate late on Thursday passed legislation that suspended the government's $31.4 trillion debt ceiling for two years, a day after the House of Representatives approved the bill.
French industrial output rose 0.8% on the month in April, above the 0.3% growth expected and a considerable improvement from the 1.1% fall the prior month.last month, data showed Thursday, and adds to the debate of how much further the region’s central bank will go with its monetary policy tightening.is widely expected to increase interest rates by another 25 basis points on June 15, adding to the combined 375 basis points of hikes over the past year to combat runaway prices.
The jobs report will be one of the last pieces of data before the Fed’s June meeting, and could help to determine whether thesticks to its aggressive monetary policy or agrees to pause its 14-month rate hiking campaign.
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