Asian stocks track Wall St record after Fed keeps rate projection

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.

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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 »