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Powell said that recent indicators suggest that economic activity has continued to expand at a solid pace.
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ECB warns of ‘headwinds' to Eurozone economy as it cuts rate to 2.75% Financial TimesEuropean Central Bank Cuts Interest Rates as Economic Growth Stagnates The New York TimesEurope markets higher after ECB rate cut; Deutsche Bank down 4% on profit miss CNBCECB decision live: Rates cut to 2.75%, Lagarde says tariffs will have 'global negative impact' Reuters
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The European Central Bank on Thursday cut interest rates by a quarter of a percentage point, saying it expects inflation to fall back to its target later in the year and signaling that further easing is likely in coming months.
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Asia stocks gain, dollar steady as traders consider Fed rate pause ReutersJapan and Aussie stocks break ranks with Wall Street to rise; most Asia markets closed for holiday CNBCStock market today: Wall Street slips after the Fed opts to keep interest rates steady Yahoo FinanceAsia-Pacific markets rise in thin-holiday trade as investors digest Fed rate pause Seeking Alpha
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