European stocks are seen opening slightly lower on Thursday after Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that monetary policy is famously a blunt tool and there is a risk of recession.
Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he'd likely back another big interest rate hike in July to battle 40-year high inflation. Powell's second day of Congressional testimony is likely to attract attention later today along with the Labor Department's report on weekly jobless claims.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.