Promises a rate hike of 25 basis points in July Says he will walk again in September and a bigger move is possible Inflation rises, widens Lagarde press conference at 12:30 GMT FRANKFURT/AMSTERDAM, June 9 (Reuters) – The European Central Bank ended a long-running stimulus program on Thursday and said it would carry out its …
ECB signals rate hike, eyes bigger move in September Read More »
The European Central Bank faces a difficult balancing act, with inflation hitting record highs while the war in Ukraine casts a shadow over growth prospects. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to raise interest rates at its policy meeting next month and lowered …
Dow Jones futures rose overnight, as did S&P 500 and Nasdaq futures. The stock market rally retreated again on Wednesday as hot labor data raised the prospect of bigger rate hikes, while JPMorgan’s Jamie Dimon warned of an economic “hurricane”. Major indexes pared their losses somewhat as the Federal Reserve saw slower growth across much …
Stocks fall on fears of a Fed rate hike and Hurricane Dimon Read More »
