Asia-Pacific markets set to climb as Fed holds rates and shifts dot plot

Asia-Pacific markets were set to climb on Thursday after the U.S. Federal Reserve held the Federal Funds rate at 5.25% to 5.5%, and shifted itsThis was down from the three cuts projected in its March meeting, although the dot plot also indicated a more aggressive cutting path for 2025. Four rate cuts totaling a full percentage point are anticipated, up from three.

However, the new statement also said,"In recent months, there has been modest further progress toward the Committee's 2 percent inflation objective."Separately, inflation in May remained unchanged from April, rising 3.3% year-on-year and remaining flat on aa month-on-month basis.Oceanside landlord says property taxes rose 600% after parents' deaths due to Prop 19

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Asia-Pacific markets set to climb as Fed holds rates and shifts dot plotThe Fed only projects one rate cut this year, down from three, but raises the number of total projected rate cuts to 4 in 2025.
Source: CNBC - 🏆 12. / 72 Read more »

Asia-Pacific markets set for mixed open as S&P and Nasdaq set fresh recordsInvestors in Asia will be looking to the Fed decision on Wednesday stateside, following the May inflation report due out earlier the same day.
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