Fed hawk comments weaken global stocks

Minneapolis Federal Reserve Bank of Minneapolis President Neil Kashkari on Tuesday reiterated the central bank’s commitment to controlling inflation by tightening monetary policy, and said his biggest concern is that continued price pressures are being underestimated.

Anjali Sundaram | CNBC

LONDON – European markets fell slightly on Wednesday, amid fresh upbeat comments from US Federal Reserve The policy maker made investors reluctant.

pan europe Stokes 600 The index was down 0.3% in early trade, with retail and auto sales down 0.8% to lead losses as most major sectors and stock exchanges slipped into the red.

Minneapolis Federal Reserve Bank of Minneapolis President Neil Kashkari on Tuesday reiterated the central bank’s commitment to controlling inflation by tightening monetary policy, and said his biggest concern is that continued price pressures are being underestimated.

The comments came as markets prepared for a long-awaited speech from Federal Reserve Chairman Jerome Powell on Friday talking about the central bank’s hawkish path, after its annual economic seminar in Jackson Hole, Wyoming.

Stocks in Asia Pacific It was mixed on Wednesday after Dow Jones Industrial Average And the Standard & Poor’s 500 It recorded the third consecutive day of losses in the previous session. China Shenzhen Component He led the losses regionally.

US stock futures It was lower in early market trading on Wednesday as Wall Street appears to be heading for more losses ahead of Powell’s speech on Friday.

Back in Europe, investors will be briefed on the ECB’s accounts on the latest monetary policy discussions, which are due to be published on Wednesday.

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After hitting a 20-year low of $0.9901 on Tuesday, euro It recovered a bit overnight to trade at $0.9957 before the bell on Wednesday.

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