Protests and counter-protests | SaltWireHONG KONG - Asian stocks followed Wall Street's lead on Thursday, dipping across the board as investors interpreted the U.S. Federal Reserve's latest policy statements as signalling higher-for-longer interest rates.
The overall tone of the Fed's latest meeting was not overly hawkish but there were two surprises, he said. The U.S. central bank held interest rates on Wednesday and projected an increase by year-end, saying monetary policy is likely to be significantly tighter through 2024 than previously thought.Even as inflation slows for the rest of 2023 and in coming years, the Fed anticipates only modest initial reductions to its policy rate.
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Stocks Steady Ahead of Fed, Oil Triggers Inflation WoesEuropean stocks were steady as investors were wary of making bets ahead of this week’s central bank meetings, while Brent oil’s rally to $95 triggered worries about inflation spiking again.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stocks slide ahead of Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks slide as Fed meeting begins, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve was set to begin its latest policy meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stocks end lower amid Fed meeting, Instacart IPO: Stock market news todayStocks fell on Tuesday as the Federal Reserve began its latest policy meeting.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia Stocks Set for Cautious Start as Fed in Focus: Markets WrapEquity markets in Asia are poised for a muted open after US stocks posted modest losses ahead of the Federal Reserve’s policy decision, with traders betting interest rates will be higher for longer to curb inflation.
Source: BNNBloomberg - 🏆 83. / 50 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 »