A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange in New York City, U.S., June 12, 2024.LONDON — European stocks were lower Thursday as regional investors reacted to the U.S. Federal Reserve's latest monetary policy decision and U.S. inflation data.Most sectors were trading in the red, with autos stocks leading losses, down 2.
It came as the market digested a flurry of news from the sector this week, most notably the European Union'sGlobal investors are, meanwhile, analyzing the Fed's decision Wednesday to hold the federal funds rate at 5.25% to 5.5% andstayed the same for the month of May, lower than the Dow Jones estimate for a 0.1% monthly increase. Year over year, the inflation yardstick increased 3.3%, which also came in below expectations.
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Source: NBCNewYork - 🏆 270. / 63 Read more »