Five Things You Need to Know to Start Your Day: Europe
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The Federal Reserve signals concerns about inflation and indicates it will keep borrowing costs elevated for longer. European Central Bank member Pablo Hernandez de Cos is optimistic about euro-area inflation slowing to target. Bank of England policymakers are divided on possible rate cuts. Traders on Wall Street react positively to Jerome Powell's signal that there won't be oncoming rate hikes. Powell doesn't explicitly signal a rate cut this year either.
https://www.bloomberg.com/news/newsletters/2024-05-02/stock-markets-today-us-rates-uk-elections-mideast-talks
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