Federal Reserve Chair Jerome Powell on Wednesday appeared to give traders the positive signal they’ve been waiting for — that the central bank may finally be wrapping up it’s steepest interest-rate hikes since the early 1980s. Then the next day, European Central Bank President Christine Lagarde said she had an “open mind” on whether to tighten policy further, underscoring the shifting sentiment underway at the world’s central banks.
But other forces are tamping down the optimism.
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