Wall Street to close for Independence Day, Fed minutes - what's moving markets
Investing.com -- Stock markets in the U.S. are due to be closed for the Independence Day holiday on Thursday. Elsewhere, minutes from the Federal Reserve's June policy meeting suggest that the central bank's members believe that while inflation is cooling, it is yet to show that it is on a sustainable downward trajectory. Meanwhile, voters in the U.K. head to the polls in a general election and U.S.
But most participants found the current policy stance to be at a restrictive level which they expect will temper both inflation and broader economic activity.On a day of light economic data, investors will be looking for more political clarity, with the U.K. in particular going to the polls in a general election.
In a statement shared by a senior aide on the social media platform X, Biden asserted his position, saying,"I am running. I am the leader of the Democratic Party. No one is pushing me out." Meanwhile, PMI data from top importer China also underwhelmed on Wednesday, also exacerbating worries around the strength of the economic recovery in the world’s biggest crude importer.
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