European stocks may follow Wall Street lower on Thursday after Fed Chair Jerome Powell's comments dashed pivot hopes.
After raising interest rates by 75 basis points, Powell struck several hawkish notes in his press conference.
Powell said thinking about pausing rate increases is "very premature' and he was not worried about "overtightening".
Asian markets were mostly lower as the dollar and yields firmed up following Powell's hawkish take.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.