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BoE officials to testify on interest rate outlook
Asian equity market performance is mixed this morning as uncertainty persists about economic conditions. US President Biden and Congressional House Speaker McCarthy described talks on raising the Federal debt ceiling as “productive”. However, no agreement has yet been reached, which means that the possibility of a US debt default still overhangs markets. Meanwhile, US Federal Reserve policymakers made mixed comments yesterday over whether interest rate hikes would be ‘paused’ at their next policy update in June. The UK posted a £24.7bn public sector deficit in April close to double the level at the same ... (full story)