Stocks and dollar gain as Fed charts 'soft landing' path

SINGAPORE - The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the U.S. Federal Reserve began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over.

Policymakers' adjusted their median rates projection downwards, compared with their outlook in July, but Fed chair Jerome Powell emphasised the next moves would be data driven. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4% in early trade, pressured as South Korean markets returned from holidays with heavy falls in the chipmaking sector following a downbeat Morgan Stanley note.SK Hynix shares tumbled 9.6% and Samsung fell 2.6%. Hong Kong's Hang Seng rose slightly while the mainland benchmark CSI300 fell 0.4%. Oil prices fell and benchmark Brent crude futures were last down 0.3% at $73.42 a barrel.

The Bank of England meets later on Thursday and is seen holding rates at 5%, especially after inflation figures showed services inflation picked up in August. The Bank of Japan sets policy on Friday, and is expected to stand pat but line up future hikes, perhaps as soon as October.Summary: A Better Bail Bond celebrates a 35-year milestone, reaffirming its commitment to upholding the highest ethical standards and compassionate support to those in need.

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