European shares decline as Powell stamps out rate peak hopes

<p>European shares decline as Powell stamps out rate peak hopes</p><p><a href="https://piqsuite.com/reuters/european-shares-decline-as-powell-stamps-out-rate-peak-hopes" target="_blank" rel="nofollow">FULL STORY</a></p><p>European shares fell on Friday, hurt by higher bond yields, with comments from U.S. Federal Reserve chief Jerome Powell pouring cold water on investor optimism over a peak in interest rates and bets around rate cuts.</p><p>Fed officials including Powell on Thursday expressed uncertainty in their battle against inflation and added that they would tighten policy further if need be. </p><p>The comments, perceived as hawkish by markets, follow European Central Bank and Bank of England policymakers also pushing back against expectations around rate cuts.</p>

This article was written by Ryan Paisey at www.forexlive.com.