European stocks dip at open after Fed warns recession “a possibility”

Financial Times LogoFinancial Times1w ago

European stocks dip at open after Fed warns recession “a possibility”

Quick Summary

Economic data will provide further indications of health of the European economy on Thursday.

Futures tracking the S&P 500 on Thursday morning were down 0.15 per cent.

Fed Chair Jay Powell told US lawmakers on Wednesday that it was becoming more challenging for the central bank to tackle inflation while maintaining a strong job market.

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Article Details

Author / Journalist: Ian Johnston

Category: MarketsFinanceInvesting

Topics: Index Morning Thursday Inflation Markets Cent Financial Stocks European Data Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 07:51:20

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 463 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5620

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About Financial Times

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Year Established: 1888

Headquarters: United States

News Last Updated: 10h ago

Coverage Areas: United States

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