Global markets experienced a downturn on Monday. Stocks and precious metals saw significant losses. The Japanese yen weakened considerably. This sentiment follows a volatile week and precedes crucial central bank decisions and economic reports. Investors are adjusting expectations amid these developments.
Fed Governor Michael Barr signals more rate hikes needed to tame inflation
Federal Reserve Governor Michael Barr announced that additional rate hikes may be necessary to manage inflation. He indicated that while economic growth is strong, inflation