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Stocks uneasy in case Powell embraces his inner hawk

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Stocks slipped on Wednesday on negative news including a lack of new stimulus from Beijing, bearish British inflation data and a further slump in European real estate, as markets await direction from Federal Reserve Chair Jerome Powell.

showed just one of nine board members suggested reconsidering its policy of keeping bond yields low, and even then suggested it was best to wait a while.

Investors ramped up their bets on the Bank of England raising rates by a hefty half a percentage point, after data showed inflation defied expectations that it would slow and held at 8.7% in May. The latest figures make British inflation the highest of any major advanced economy once again, and sent the domestically focused FTSE 250declined 3% at one point as the prospect of more rate hikes raised fresh concerns about mortgage costs.

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Nederland Laatste Nieuws, Nederland Headlines

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