Global Markets Climb Out of the Red as Traders Wait on the Fed

European stocks and U.S. stock futures rose on Wednesday with hopes hinging on the Federal Reserve signalling later in the day that U.S. interest rate hikes might peak soon and the soft landing that central banks have been angling for is in sight. On Tuesday, U.S. regional banks were hammered, with PacWest Bancorp down 27.8%, Western Alliance Bancorp , tumbling…

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