U.S. stocks rallied sharply on Thursday, extending recent gains, as investors indulged in some strong buying in several sectors amid hopes the central bank would gradually start lightening its policy stance later this year.
The minutes from the Federal Reserve's June meeting, released on Wednesday, said the members of the central bank said there would be another 50 or 75-basis point move in the July meeting.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.