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Asian stocks jump after Fed chair hints at rate hike slowdown

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SINGAPORE: Asian equities jumped on Thursday (Dec 1), while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace

Powell said the central bank could scale back the pace

Powell's comments at the Brookings Institution in Washington sent Wall Street equities soaring, while the US dollar and Treasury yields fell.The index posted its biggest monthly gain in nearly 30 years in November as hopes for a Fed pivot towards slower rate hikes gathered steam after four consecutive 75-basis-point increases. But the index was still down about 17.5 per cent on the year.

 

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Asian stocks jump after Powell hints at rate hike slowdownSINGAPORE : Asian equities jumped on Thursday, while the dollar slid as investors poured into risky assets after Federal Reserve Chair Jerome Powell opened the door to a slowdown in the pace of monetary tightening.In an eagerly-awaited speech, Powell said the central bank could scale back the pace of its
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »