recession in the wake of aggressive rate hikes and recent banking turmoil.Įuro zone consumers raised their inflation expectations in March, even as the rate of price growth fell and the European Central Bank (ECB) kept raising interest rates, an ECB survey showed. and European monetary policies, as well as potential for a U.S.
The STOXX 600 has been rangebound in recent weeks, as investors weighed the outlook for U.S. But I'm not sure the markets are right about all the rate cuts that are being priced in." "Fed Chair Powell will want to keep rates at these levels until he's gotten inflation down to a level closer to his mandate. "I don't think the Fed will be hiking again this year," said Patrick Armstrong, chief investment officer at Plurimi Wealth. added to evidence the world's largest economy was losing steam, and raised hopes for a pause in the Fed's rate hikes. The pan-European STOXX 600 index (.STOXX) closed flat, after rising as much as 0.7% earlier in the day.Ī slew of recent data sets on inflation and the labour market in the U.S. Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.May 11 (Reuters) - Europe's benchmark STOXX 600 was unchanged on Thursday as a drag by Germany's Bayer and energy stocks offset an earlier rise on hopes of a pause in the Federal Reserve's interest rate hike campaign amid supportive U.S. View our suggested citation for this chapter. Share a link to this book page on your preferred social network or via email. To search the entire text of this book, type in your search term here and press Enter. Also, you can type in a page number and press Enter to go directly to that page in the book.
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