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Economists said the Fed chairman’s view that policy isn’t restraining the economy, and his emphasis on the energy shock, argue for a longer tightening campaign.
We haven't written up this one. WSJ Economy has the full story — the link below goes straight to it.
The country’s bond market could remain under pressure if the Bank of Japan delivers a widely anticipated interest rate hike on Friday.
The country’s bond market could remain under pressure if the Bank of Japan delivers a widely anticipated interest rate hike on Friday.
TOKYO: Japan's Nikkei share average climbed on Thursday as investors snapped up beaten-down gaming and pharmaceutical stocks, while sentiment was supported by lower crude oil prices and a largely expected policy decision from the US Federal Reserve.
Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of the year.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the sixth successive day and trading around 100.30 during Asian hours on Thursday. The US Initial Jobless Claims data will be released later in the day.
