While US markets boast a positive outlook following favorable comments from Fed Chair Powell, European markets express skepticism about the implications of the Fed’s policies, reflecting concerns over potential stagflation risks. The EUR/USD pair continues to correct lower for a third consecutive day amid these diverging market sentiments. Investors are advised to maintain vigilance as economic conditions evolve and market sentiment shifts. Understanding the geopolitical and economic landscape will be crucial for making informed trading decisions in these challenging times.