Global Markets React to Interest Rate Hike

Global financial markets experienced a volatile week as several major central banks announced interest rate hikes in an effort to curb persistent inflation. The move, while anticipated by many economists, has sparked a range of reactions from investors. Some see it as a necessary step to stabilize economies in the long run, while others fear it could trigger a recession. Stock markets saw initial dips followed by tentative recoveries, while bond yields rose. Currency markets also saw significant fluctuations. Economists are now closely watching upcoming economic indicators to gauge the impact of these policy changes on consumer spending and business investment.