European Markets Set to Open Lower After Powell's Interest Rate Warning
In his much-anticipated annual policy speech at Jackson Hole, Wyoming, Powell said that the Fed will"use our tools forcefully" to attack inflation that is still running near its highest level in more than 40 years. He acknowledged that rising interest rates will cause"some pain" to households and businesses.
Powell's comments were echoed by European Central Bank board member Isabel Schnabel over the weekend. Schnabel reaffirmed the view that central banks must act aggressively to tackle rising inflation, even if that means dragging their economies into a recession.Back in Europe, market participants are likely to closely monitor German inflation figures at around 1 p.m. London time.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
European Markets Lower After Powell's Interest Rate Warning; Germany's DAX Down 1.1%European markets opened lower on Monday after U.S. Federal Reserve Chair Jerome Powell signaled higher interest rates would likely persist.
Lire la suite »
U.S. Treasury Yields Rise After Fed Chair Powell Signals Further Interest Rate HikesU.S. Treasury yields were higher on Monday as investors digested comments from Federal Reserve Chair Jerome Powell.
Lire la suite »
U.S. Dollar Hits Two Decade High: Here’s What That MeansThe Dollar Index hit a 20-year high of 109.44 points on Monday morning after the Federal Reserve warned of tightening financial conditions.
Lire la suite »
11 CMSD schools switched to remote learning Monday due to heatCollinwood High School is also closed today, due to staff absences.
Lire la suite »
NASA's Artemis I launch has the world excited for MondayArtemis I is scheduled to launch from the Space Agencies Kennedy Space Center in Florida on Monday, August 29. This exploration will be the second mission to the Moon since 1972, when its biggest rocket, the Saturn V, took Apollo astronauts to the Moon.
Lire la suite »