U.S. stocks are up firmly in positive territory Monday afternoon with the technology sector turning in a fine performance after bond yields dropped amid bets the Federal Reserve will slow down the pace of its interest rate hikes in the coming months.Last week's data showing a contraction in U.S. service sector activity has raised hopes the Fed will slow its pace of monetary tightening.The major av...
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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.