Concerns over Fed rate cut weigh on market sentiment European stocks fell

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Gelonghui, May 24 | European stocks opened lower on Friday as doubts about the Federal Reserve\’s ability to cut U.S. interest rates in the face of strong economic data continued to weaken investor sentiment.

Gelonghui, May 24 | European stocks opened lower on Friday. Doubts about the Federal Reserve\’s ability to cut U.S. interest rates in the face of strong economic data continued to weaken investor sentiment.
Europe\’s benchmark stock index is heading for its worst weekly performance in more than a month. Global stock markets\’ rebound this week has also weakened.
Francois Rimeu, a strategist at France Asset Management, said that the problem is still the same. It is the Federal Reserve. But as long as the expectation of the first interest rate cut is only delayed by a few months, it will not change the general narrative. That is, so far so good.
He pointed out that the U.S. economy is resilient and inflation is basically under control.

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