Global - Ekhbary News Agency
Global markets continue to digest the latest earnings reports from major banks, intensifying concerns about further monetary policy tightening by the Federal Reserve. According to reports monitored by Ekhbary News Agency, bank executives, including the CEO of JPMorgan Chase, are warning investors to prepare for interest rates to remain higher for longer than anticipated. This has led analysts to increase their bets on Fed rate hikes in both May and June. A Federal Reserve Governor emphasized the need to continue tightening monetary policy, further weighing down markets.
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