European Shares Rally As Fed Cuts Rates, Signals More Easing In 2025
RTTNews·2025-09-18 16:55
European stocks opened on a buoyant note Thursday after the U.S. Federal Reserve cut interest rates for the first time since December and indicated more cuts would follow amid mounting signs of labor market weakness. Focus now shifts to the monetary policy announcement from the Bank of England (BoE) due later in the day. The BoE is widely expected to hold its benchmark bank rate at 4.00 percent after a quarter-point reduction in August. The central bank releases monetary policy statement and minutes at 7.0 ...