Global shares rise after Fed meeting notes hint at future rate hikes

Global shares rise after Fed meeting notes hint at future rate hikes

25 May    Finance News

NEW YORK — Global shares rose on Wednesday after notes from the U.S. Federal Reserve’s early May meeting showed a strong likelihood that the world’s most powerful central bank will approve two more half-percentage-point rate hikes in coming months. Wall Street ended higher as investors were heartened by the fact that policymakers at the Fed unanimously felt the U.S. economy was very strong as they grappled with reining in inflation without triggering a recession. Read More

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