![]() central bank needs to raise interest rates further to bring inflation down toward the Fed's 2% target. ![]() One of her colleagues, Cleveland Fed President Loretta Mester, said the U.S. San Francisco Fed President Mary Daly said a "couple" of additional rate hikes are likely needed this year and that the labor market in the U.S. Still, policy makers remained vigilant on Monday about their inflation fight. ![]() He said he expects Federal Reserve officials to deliver just one more quarter-of-a-percentage point rate hike later this month, "and then just go home for the balance of the year." "Inflation is coming down quite a bit and I don't expect this inflation number on Wednesday will be any different," said Tom di Galoma, managing director and co-head of global rates trading at BTIG. earnings season later in the week.īefore those events, "you'll probably see some shifting around, mostly on positioning, not necessarily fundamentals," said Matt Peron, director of research at Janus Henderson Investors. inflation report Wednesday and the start of U.S. In Asia, stock benchmarks tracked Wall Street higher the dollar fell Treasurys were little changed while oil and gold futures advanced.Įuropean stock futures largely edged higher early Tuesday ahead of a key U.S. ![]() Germany CPI, ZEW indicator of economic sentiment Italy industrial production UK unemployment no major corporate updates expectedĮuropean shares could tread water ahead of the U.S. ![]()
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