A look at the day ahead in U.S. and global markets from Mike Dolan
What's more, the OECD saw Fed rates peaking after just one more hike to the 5.25-5.5% range and "modest" cuts next year.numbers for May might question those growth scenarios, they also cut across thoughts of a fresh inflation spur from the country's re-opening this year.
The Fed's April report credit conditions will be watched closely later for any more signs the banking stress of the previous month crimped lending. resuming its rate hikes after a four-month hiatus. The Canadian dollar pushed higher ahead of the policy decision.since last month's re-election of President Tayyip Erdogan went up several gears on Wednesday as it plunged a further 7% - almost doubling losses seen since the vote.
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