By Rodrigo Campos and Danilo Masoni
NEW YORK/MILAN, July 1 (Reuters) - A gauge of stock markets around the world edged lower to start the quarter on Wednesday as the U.S. central bank head said inflation expectations have fallen but policy won't be loose, while oil prices fell as optimism over U.S.-Iran talks eased supply concerns.
Traders continue to watch for possible ****** anese intervention in the currency market after the yen touched fresh 40-year lows against the dollar, even if it rebounded later in the session.
Speaking on a panel of central bankers in Sintra, Portugal, Federal Reserve chair Kevin Warsh said inflation expectations and inflation risks have come down in recent weeks. He said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy.
His comments weighed on the dollar, which has been underpinned by rising expectations of Fed rate hikes this year, as inflation runs well above the central bank's 2% annual target. Still, many ****** ysts believe the inflation picture will improve in the months ahead.
NEW YORK/MILAN, July 1 (Reuters) - A gauge of stock markets around the world edged lower to start the quarter on Wednesday as the U.S. central bank head said inflation expectations have fallen but policy won't be loose, while oil prices fell as optimism over U.S.-Iran talks eased supply concerns.
Traders continue to watch for possible ****** anese intervention in the currency market after the yen touched fresh 40-year lows against the dollar, even if it rebounded later in the session.
Speaking on a panel of central bankers in Sintra, Portugal, Federal Reserve chair Kevin Warsh said inflation expectations and inflation risks have come down in recent weeks. He said he will stick firmly to the U.S. central bank's 2% inflation target and "disappoint" anyone who expects loose monetary policy.
His comments weighed on the dollar, which has been underpinned by rising expectations of Fed rate hikes this year, as inflation runs well above the central bank's 2% annual target. Still, many ****** ysts believe the inflation picture will improve in the months ahead.
27 days ago
