The Wall Street Journal

European Indexes Fall on Slower U.S. Rate Cut Projections

Stocks in Europe traded lower after the Fed halved the expected pace of interest rate cuts for 2025

The Madrid Stock Exchange. Spain’s IBEX 35 was the largest faller, as European indexes dropped in morning trade.
The Madrid Stock Exchange. Spain’s IBEX 35 was the largest faller, as European indexes dropped in morning trade. Photo: juan medina/Reuters

European indexes fell after the U.S. Federal Reserve signaled it would slow the speed of interest rate cuts.

In early morning European trade, indexes were lower as markets digested hawkish comments from the Federal Reserve and Chairman Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

WSJ Logo