Market Update: Ibex 35 Edges Lower Ahead of Fed Decision

The Ibex 35 opened the week on a softer note, sliding by 1.05 percent as it logged 8,302 points by 9:01 AM. Traders are bracing for a week dominated by signals from the Federal Reserve as policymakers convene to consider a possible 50 basis point hike, a move that would tighten financial conditions after inflation in the United States climbed again to 8.6 percent in May. This reading marks the highest level since 1981, underscoring the challenge of taming price pressures while supporting growth. Market participants are weighing the implications for global liquidity and the path of the euro against a backdrop of persistent cost pressures across major economies.