Forex Today: Stocks Lower on Rate Hike Focus

Markets Expect Rate Hikes from Fed, ECB, BoE, SNB; Silver Hits 6-Month High; British GDP Data Due.

Stock markets have started the week lower as markets focus on expected rate hikes this week from four major central banks, including the US Federal Reserve which is expected to hike by 0.50% regardless of US inflation data which will be released Tuesday. Annualized US inflation is expected to decline from 7.7% to 7.

3%., unlike the rest of the commodity market which is in decline. over the coming day.US Treasury Secretary Janet Yellen has said that there is a risk of a US recession, but it is not required to bring down inflation to its target level.It is estimated that 6Total confirmed new coronavirus cases worldwide stand at ov

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