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ASX to jump; Fed raises rates; US stocks rally

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Australian blue chips to follow US shares higher; Federal Reserve increases cash rate 25 basis points; Fed chairman powell upbeat on US economy.

Here’s a great compilation of responses from investors and analysts following the US Federal Reserve’s quarter-percentage-point interest rate increase on Wednesday.

“As expected, the Fed opted for a ‘dovish tightening’ – indeed, more dovish than many expected. With inflation being such a challenge, it is no longer a sure thing that markets will see this as a good thing.”

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ASX to jump; Fed raises rates; US stocks rallyAustralian blue chips to follow US shares higher; Federal Reserve increases cash rate 25 basis points; Fed chairman powell upbeat on US economy.
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US stocks surge as Fed lifts ratesThe Federal Reserve raised interest rates - by a quarter of a percentage point - for the first time in three years and said it expected to keep increasing them until they hit between 1.75 per cent and 2 per cent.
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