ECB Flags June Rate Hike as Fed Leadership Vacuum Triggers Global Tightening Shift
Kevin Warsh takes over as Fed chair pro tempore following Jerome Powell's departure, just as the ECB signals a June rate hike and Treasury yields hit multi-year highs. G7 finance chiefs are scrambling to coordinate amid a global bond selloff. European markets face a double squeeze from rising domestic borrowing costs and US dollar strength.
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