Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought.U.S. stocks slumped Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it.steady at its highest level in more than two decades, as was expected.
Tokyo's Nikkei 225 was off 1.4% at 32,571.03, while in Seoul the Kospi shed 1.6% to 2,517.80. Australia's S&P/ASX 200 slipped 1.3% to 7,069.90.gained 0.2% Thursday after it announced that a 2 trillion yen tender offer for the troubled electronics and energy giant by a Japanese consortium has been completed, clearing the way for it to be delisted.
Fed officials suggested they may cut rates in 2024 by only half a percentage point from where they're expected to end this year. That's less than the full percentage point of cuts they were penciling in as of June. The two-year Treasury yield, which more closely tracks expectations for Fed action, jumped to 5.18% from 5.04% shortly before the Fed's announcement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street drifts again ahead of Fed decision on ratesNEW YORK (AP) — Stocks are drifting again as Wall Street waits for the Federal Reserve’s latest decision on interest rates. The S&P 500 was off 0.2% early Tuesday. The Dow slipped 37 points and the Nasdaq composite was down 0.4%.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street slumps after Fed warns rates may stay higher through 2024NEW YORK (AP) — U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The S&P 500 fell 0.9% Wednesday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street stays mixed, bond yields spike after Fed updates rate outlookNEW YORK (AP) — Stocks was mixed and Treasury yields snapped higher after the Federal Reserve pulled back on its estimates of how much it expected to cut interest rates next year.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street stays mixed, bond yields rise after FedNEW YORK (AP) — U.S. stocks are mixed Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian shares decline ahead of Fed decision on ratesTOKYO (AP) — Asian shares declined Wednesday as markets awaited a decision on interest rates by the Federal Reserve. Japan's Nikkei 225 fell 0.6% to 33,055.98. Australia's S&P/ASX 200 slipped 0.6% to 7,155.10. South Korea's Kospi edged down 0.3% to 2,551.95. Hong Kong's Hang Seng dipped 0.3% to 17,935.72, while the Shanghai Composite shed 0.3% to 3,117.25. Trade data for Japan showed exports fell 0.8% last month from a year ago, marking the second straight month of declines, as exports to China
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asian Stocks Under Pressure With Fed in Focus: Markets Wrap(Bloomberg) -- Stocks declined in Asia after Wall Street posted modest losses ahead of the Federal Reserve’s policy decision, with traders betting interest rates will be higher for longer to curb inflation.Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingF-35 Debris Found After a $100 Million Fighter Jet Went MissingIndia, Canada Trade Diplomatic Blows Over Murder AllegationsVanderbilt Rips US News Over Slide in College RankingsBenchmark indexes traded
Source: YahooFinanceCA - 🏆 47. / 63 Read more »