US equity futures signaled further gains as strong megacap tech earnings propelled Wall Street to record highs. The yen weakened slightly after Japan’s intervention to support the currency. Despite Middle East tensions and oil price surges, US stocks saw their best April since 2020, driven by AI and tech resurgence.
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