Asian and European stocks weaken on fears of consumer slowdown

Quick Summary AI Powered

Expectations of where the US inflation rate will sit in 12 months’ time have hit a record high of 8 per cent.

This followed heavy losses for the main US share indices overnight, after a lacklustre US consumer confidence report fuelled concerns about an economic slowdown.

After the Federal Reserve raised its main funds rate by an extra large 0.75 percentage points this month, several of its policymakers argued for a similar-sized increase in July.

---

More Pictures

---

or

Read Full Article4 minutes

Want your news featured here?

Article Details

Author / Journalist: Naomi Rovnick

Category: MarketsFinanceInvesting

Topics: Banks Economic Rate Share Inflation Data Cent Central Fell Financial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 07:41:50

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 573 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 19851

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details