Asian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
After a much-anticipated policy meeting, officials held rates for the fifth time in a row and released its dot plot projections that showed they saw 75 basis points of cuts before year's end, unchanged from December's outlook. Observers suggested June would likely see the first move.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian markets join rally after Wall St, European recordsAsian markets on Friday tracked a record-breaking day in New York and Europe as traders grew increasingly optimistic for a series of US interest rate cuts this year, with attention now on crucial jobs data due later in the day.
Source: brieflyza - 🏆 10. / 68 Read more »
Asian stocks struggle to extend Wall Street rally: Markets wrapBitcoin rose 1.6% to $72 173.82.
Source: Moneyweb - 🏆 5. / 77 Read more »
Asian markets swing as traders await Fed policy decisionAsian markets fluctuated Wednesday as traders struggled to track another record day on Wall Street, with focus squarely on the Federal Reserve's policy meeting. Still, Wall Street investors remained upbeat, pushing all three main indexes higher on the back of a tech rally, with the S&P 500 chalking up another record.
Source: brieflyza - 🏆 10. / 68 Read more »