European stocks may struggle for direction on Thursday after renewed U.S. rate-hike bets spurred an overnight spike in Treasury yields. The dollar found footing after Fed officials Raphael Bostic and Neel Kashkari reinforced their hawkish stance. The U.S. central bank needs to lift the federal funds rate to between 5 percent and 5.25 percent and keep there "well into 2024" in order to bring inflat...
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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.