European shares hit nine-week highs on Thursday as investors reacted to the Fed's interest-rate decision and awaited the ECB rate announcement later in the day.
Overnight, the Federal Reserve raised interest rates by 25 basis points, as widely expected, and downplayed the prospect of a U.S. recession this year.
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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.