European stocks fell from record highs on Thursday, as investors react to the Fed's hawkish statement and the latest Eurozone inflation figures for May.Federal Reserve officials on Wednesday projected hikes in interest rates by 2023, a year earlier than expected amid the vaccine rollout.Eurostat's final reading of the Eurozone consumer price inflation for May came in at 2.0 percent on an annual ba...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.