European markets set to fall as hawkish Fed remarks dent global stocks

Minneapolis Fed President Neel Kashkari on Tuesday reiterated the central bank's commitment to bringing inflation under control through monetary policy tightening, and said his biggest fear is that the persistence of price pressures is underestimated.

The comments came as markets prepare for a much-anticipated speech from Fed Chairman Jerome Powell on Friday addressing the central bank's tightening path, following its annual economic symposium in Jackson Hole, Wyoming.

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Asian stocks mixed ahead of annual Fed meeting after China cuts rateAsian stock markets were mixed amid a China rate cut as investors looked ahead to this week's Fed Jackson Hole meeting.
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