21 September 2022 - 07:35Stocks in Asia sank and bond yields were elevated on Wednesday, as investors braced for another aggressive interest-rate hike from the US Federal Reserve later in the day.
The Fed headlines a week in which more than a dozen central banks announce policy decisions, including the Bank of Japan and Bank of England on Thursday. Markets are “seemingly well positioned for a 75 bps hike alongside a hawkish update” from the Fed, Taylor Nugent, a markets economist at National Australia Bank in Sydney, wrote in a client note.
The greenback was little changed at 143.64 yen, after twice trying 145 this month, a level last seen 24 years ago.
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