HONG KONG, Nov 24 — Asian markets rallied Thursday and the dollar weakened further after minutes from the Federal Reserve’s latest policy meeting suggested it could slow its pace of rate hikes.
Bets were growing on officials announcing a 50-basis-point lift at their December gathering, down from four straight 75-point hikes, with officials keeping tabs on economic data. And Asia followed suit, with Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Singapore, Taipei, Manila and Jakarta all in the red.
“A commitment to moving toward restrictive monetary policy remains intact, but the is ready to slow the path toward that destination.”