The Federal Reserve is going to raise the interest rate again

News of the day, Thursday, May 26

Asian shares continue to slip today as minutes from the Fed’s meeting in May showed that the majority of the policymakers support 0,5% interest rate hikes in June and July.

Oil prices rose today after several days of a rally on signs of tight supply and failing attempts to ban Russian oil in Europe. Brent crude futures for July gained 0.35%, and WTI crude increased by 0.5%.

European markets are expected to open lower today, as investors react anxiously to the minutes from the Federal Reserve’s last meeting pointing to soon aggressive rate hikes. DAX futures traded 0.3% lower, CAC 40 futures decreased by 0.1%, and FTSE 100 futures slid by 0.3%.

The price of Brent crude is $111.50, WTI — $111.00, GBP/USD — 1.2564, EUR/USD — 1.0684, and gold costs $1847.00 per ounce.