Hong Kong stocks rose more than one percent, pushing its rally into an eighth successive day. Photo: DALE DE LA REY / AFP
The Fed also said it would slow down the pace at which it shrinks its balance sheet -- having bought up vast amounts of bonds previously to keep rates low -- which eased upward pressure on Treasury yields.The comments came after a string of data at the start of the year saw inflation come in above expectations, while the"The statement and news conference should not come as a surprise to investors," said Tai Hui at JP Morgan Asset Management.
Bloomberg analysis of central bank accounts suggested that Monday's move was likely an intervention by Tokyo worth around $35.4 billion.
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