Asian Stocks Set to Drop on Hawkish Fed Comments: Markets Wrap
US equity futures pared losses and the bid for haven assets unraveled after Iranian media appeared to downplay the impact of Israeli strikes.
US equity futures pared losses and the bid for haven assets unraveled after Iranian media appeared to downplay the impact of Israeli strikes.
Treasuries pared their biggest rally of the year after the latest flareup in tensions in the Middle East dissipated, bringing the outlook for inflation back into focus.
Global central bankers fretting about geopolitics just got another sharp reminder overnight about the potential threat that the Middle East poses to their inflation fight.
A string of disappointing inflation data has forced the Federal Reserve to reset the clock on its first interest-rate cut and re-evaluate the trajectory of price growth.
Each day, Bloomberg journalists take you across a selection of towns and cities as they gear up for the big vote.
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