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Asia stocks, bonds struggle as Fed flags more hikes
[Reuters] - SYDNEY/TOKYO (Reuters) - Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for. Wall Street suffered its biggest percentage decline since before the Nov. 8 U.S. presidential election, though the loss was slight compared with gains of the last month or so. The Fed's rate rise of 25 basis points to 0.5-0.75 percent was well flagged but investors were spooked when the "dot plots" of members' projections showed a median of three hikes next year, up from two previously.
Asia stocks, bonds to struggle as Fed flags more hikes - Yahoo Finance
[Reuters] - SYDNEY/TOKYO (Reuters) - Asian shares and currencies struggled on Thursday after the Federal Reserve raised rates for the first time in a year and hinted at the risk of a faster pace of tightening than investors were positioned for. Wall Street suffered its biggest percentage decline since before the Nov. 8 U.S. presidential election, though the loss was slight compared with gains of the last month or so. The Fed's rate rise of 25 basis points to 0.5-0.75 percent was well flagged but investors were spooked when the "dot plots" of members' projections showed a median of three hikes next year, up from two previously.
Asia stocks, bonds to struggle as Fed flags more hikes - Yahoo Finance
