NEW YORK/MILAN: A gauge of global equity markets edged higher on Tuesday while 10-year U.S. Treasury yields slid from the 3% level as investors remained cautious, expecting the Federal Reserve to hike rates by the most in a single day since 2000 to curb inflation.
Feeding inflation worries, data showed U.S. job openings hit a record in March as worker shortages persisted. This suggested employers may need to raise wages, which likely would increase consumer prices. Read full story
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