European stock look set to open on a tepid note Tuesday as the 10-year U.S. Treasury yield pushed above 3 percent once again amid Fed tightening worries. Asian stocks were mostly lower and regional currencies weakened on worries that the Federal Reserve's rate hikes could drive the U.S. economy into a recession.The dollar strengthened while the pound trimmed an advance after British Prime Minister...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.