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Stocks in Asia were poised for losses, tracking a decline on Wall Street after the Federal Reserve raised interest rates for the first time since 2023 and signaled further tightening to curb inflation. The dollar gained the most since June.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Markets viewed the Fed’s message as more hawkish than expected after most policymakers projected another hike in 2026.
Markets viewed the Fed’s message as more hawkish than expected after most policymakers projected another hike in 2026.
The rate increase was the first such move in three years and the first policy shift under the new Fed chief.
The European Central Bank raised rates for the second time this year last week
President Trump received unpleasant news on Wednesday after Federal Reserve Chair Kevin Warsh moved to raise interest rates despite the president's calls for rates to come down.
It was "shocking, historic and emotional to all," Yale Management professor Jeff Sonnenfeld told Fortune.
