European stocks climbed on Wednesday as European Central Bank policymakers called an emergency meeting later today to discuss the recent sell-off in government bond markets.
The U.S. Federal Reserve delivers its rate decision later in the day, with markets bracing for a 50-75 bps rate hike.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.