News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

European markets are set to retreat Wednesday as new hawkish comments from a U.S. Federal Reserve policymaker keeps investors hesitant.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: MarketWatch - 🏆 3. / 97 Read more »