"Federal Reserve Official Urges Caution on Rate Cuts Amid Inflation Concerns"
TL;DR Summary
Global equities are set for a second quarterly gain, with the S&P 500 closing at a record high, while Treasuries slipped after a Federal Reserve official indicated no rush to cut interest rates. MSCI Inc.'s global stocks index is on track to rise over 7% this quarter, buoyed by US and Japan rallies and the artificial intelligence sector, with Hon Hai Precision Industry Co. seeing a surge in Taiwan despite concerns over smartphone sector recovery.
Topics:business#artificial-intelligence#federal-reserve#finance#global-equities#sandp-500#stock-market
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