Markets React to Inflation Expectations Amid Fed Meeting Anticipation
Global equities showed minor gains on Friday amid rising inflation expectations and Fed rate cut anticipation. The University of Michigan's survey indicated declining consumer sentiment in the U.S. As Wall Street indices varied, investors shifted focus to the upcoming Federal Reserve meeting and potential policy announcements.
MSCI's global equities index made slight gains on Friday after setting a record the previous session, while U.S. Treasury yields saw a rebound. The University of Michigan reported lower U.S. consumer sentiment for a second month, highlighting concerns about business conditions and inflation risks.
Wall Street showed mixed results as major indexes reacted to anticipated Fed rate cuts, despite disappointing jobs data. Investors are keenly awaiting Fed Chair Jerome Powell's statements for indications of future monetary policy decisions.
Elsewhere, currencies shifted with the U.S. dollar and Japanese yen gaining strength. Oil prices rose following tensions in Russia, and gold marked another weekly gain, hinting at persistent economic uncertainties.
(With inputs from agencies.)
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