Global stocks fall as Fed fails to offer fresh cause for cheer | Malay Mail

US S&P 500 futures fell 0.87 per cent in Asia today following a 0.46 per cent drop in the S&P 500 on Wall Street. — Reuters pic

US S&P 500 futures fell 0.87 per cent in Asia today following a 0.46 per cent drop in the S&P 500 on Wall Street. New economic projections released with the policy statement showed most policymakers see interest rates on hold through to at least 2023, with inflation never breaching 2 per cent over that period.

Still, with such expectations already long considered as a foregone conclusion by many investors, there was some disappointment in the market. The Chinese yuan also dropped about 0.35 per cent to 6.7686 per dollar, stepping back from a 16-month high hit yesterday.

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Asian stocks cheer upbeat data but temper appetite ahead of Fed | Malay MailSHANGHAI, Sept 16 — Most Asian shares rose today, extending a rally driven by upbeat Chinese and US economic data, but the US dollar, US yields and gold held steady as investors awaited the Federal Reserve's view on the economy at its policy meeting. Following robust industrial output and retail...
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