US Fed seeks to calm inflation fears, world stocks up

US Fed seeks to calm inflation fears, world stocks up
Updated / Friday, 14 May 2021
10:00
US Federal Reserve officials said there would be no 'imminent' move to tighten monetary policy in the world's biggest economy
Stock markets across the world have been taking a bit of a hammering this week, amid worries that US inflation is set to rise.
While global stocks edged higher today after US Federal Reserve officials said there would be no 'imminent' move to tighten monetary policy in the world's biggest economy, investors remain fearful that central banks will increase interest rates if prices continue to overheat.
If that does happen, investors will move from shares to less risky assets like bonds.

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