US equity futures climbed following strong earnings from tech giants like Microsoft and Meta, despite a volatile Wall Street session. The dollar stabilized after the Federal Reserve held interest rates steady. Asian markets showed mixed performance, with South Korean equities fluctuating after a US trade deal. Investors are now focused on the Bank of Japan’s rate decision.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.