European stocks tumbled on Friday amid worries about persistent inflation and the Federal Reserve's aggressive rate-hike cycle. U.S. 10-year Treasury yields rose to a new 14-year high of 4.272 percent after Philadelphia Fed President Patrick Harker said that the central bank was not done yet with rate hikes. Germany's 10-year bond yields hit a fresh 11-year high amid expectations that the European...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.