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Asian stocks rise following bumper Fed cut; Nikkei rallies as yen retreats

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Asian stocks rise following bumper Fed cut; Nikkei rallies as yen retreats

Investing.com-- Most Asian stocks rose in choppy trade on Thursday amid some cheer over an outsized interest rate cut by the Federal Reserve, while Japanese markets surged as the yen weakened before a Bank of Japan meeting.

But the Fed Chair said that neutral rates will be much higher than those seen earlier, and that the central bank had no intention of returning to an ultra-low rate regime as seen during the COVID-19 pandemic.

 

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