India, June 19 -- European stocks are seen opening broadly lower on Thursday as investors react to the Federal Reserve's hawkish policy stance and await greater clarity over a possible direct U.S. involvement in the Israel-Iran conflict.
The U.S. Federal Reserve left borrowing costs unchanged on Wednesday but indicated two further cuts this year amid tariff-driven economic uncertainty.
Chair Jerome Powell signaled that officials would wait to see the impact of President Trump's tariffs on inflation before proceeding on rates.
"Ultimately, the cost of the tariff has to be paid, and some of it will fall on the end consumer. We know that because that's what businesses say. That's what the data say from the past," Powell told a news conferen...