“It is hard to believe the Fed leadership is comfortable with how financial conditions have become much more accommodative after the last month, and so Powell will use this speech as an opportunity to push back against this more dovish interpretation of Fed policy that has arisen recently.”
U.S. stocks were surging in late-morning trade Thursday, after Wall Street snapped a three-day losing streak on Wednesday.
On the data front in Europe, Germany’s Ifo Institute business climate and expectations surveys and final second-quarter GDP figures from Europe’s largest economy were published Thursday.
