Asian stocks set for cautious trade after Fed raises interest rates

📆 12/20/2018 3:01 AM
📰 CNBC

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 72%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by a quarter point to a target range between 2.25 to 2.5 percent, in a widely anticipated move.

Write Comment

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:

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Fed Fuels a Global Rally, Asian Currencies Lag BehindThe Federal Reserve has signaled it is in no rush to raise interest rates further, pushing down the dollar and ushering in new-year rallies in emerging-market currencies, global stocks, and corporate bonds. Asian foreign-exchange markets didn’t get the memo.
Source: WSJ - 🏆 98. / 63 Read more »