Asia Shares Slip, Fed Flags Higher Rates For Longer
Asian share markets slid on Thursday after the U.S.
Source: ibtimes.com
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GLOBAL MARKETS-Asia shares slip, Fed flags higher rates for longer
Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar. Investors were initially cheered that the Fed opened the door to a slowdown in the pace of hikes after raising interest rates 75 basis points to 3.75-4.0%, by noting that policy acted with a lag.
Source: devdiscourse.com
Global markets: Asia shares slip, Fed flags higher rate...
Asian share markets slid on Thursday after the US Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, sank bonds and lifted the dollar.
Source: dailymaverick.co.za