Fear of rising interest rates sends shares tumbling in both US and Europe

  • Fear of rising interest rates sends shares tumbling in both US and Europe

    updated 3 days, 13 hours ago 1 Member · 1 Post
  • Anonymous

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    May 5, 2021 at 10:30 AM
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    Comments from US treasury secretary sends tremors through already jittery financial markets

    Fears of rising interest rates to dampen inflationary pressure as the global economy bounces back from Covid-19 has sent shares tumbling on both sides of the Atlantic.

    Comments from the US treasury secretary, Janet Yellen, that a modest increase in borrowing costs might be needed to rein in demand was enough to send tremors through financial markets already jittery over shortages of computer chips.

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