European stocks look set to open deep in the red on Thursday after Federal Reserve officials raised rates by 75 basis points for the third consecutive meting and signaled even more aggressive hikes than investors had envisioned in the months ahead to cool stubbornly high inflation.
The dollar surged to a fresh two-decade high and yields on the 2-year U.S. note vaulted over the 4 percent mark, their highest levels since 2007, as the accompanying policy statement and projections signaled another 75bp move in November followed by a 50bp move in December.
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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.