Asian markets rebounded as tech stocks rallied on strong earnings, while Japan intervened to support the yen after its slide. Oil prices eased from four-year peaks amid geopolitical tensions, though Iran’s threats kept crude firm. Central banks signaled potential rate hikes, influencing currency movements.
Fed’s Beth Hammack and Thomas Barkin favour gradual rate hikes as inflation stays high
Two officials from the Federal Reserve have supported modest and steady interest rate increases to combat high inflation. They believe these adjustments should minimize disruptions