NewsFeeder
Headline News
- Reaction score
- 4
Asian stocks mixed as Fed steers clear of signaling rate cut
Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. On Wednesday, the Federal Reserve left its benchmark interest rate — which determines the cost of borrowing for individuals and businesses — in a range of 2.25% to 2.5% as expected. The Fed's preferred 12-month inflation barometer is running at about 1.5%.
https://finance.yahoo.com/news/asia...naling-rate-065246795--finance.html?.tsrc=rss
Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year. On Wednesday, the Federal Reserve left its benchmark interest rate — which determines the cost of borrowing for individuals and businesses — in a range of 2.25% to 2.5% as expected. The Fed's preferred 12-month inflation barometer is running at about 1.5%.
https://finance.yahoo.com/news/asia...naling-rate-065246795--finance.html?.tsrc=rss
