A look at the day ahead in Asian markets from Jamie McGeever.
It's a U.S.-Sino, one-two punch for Asian markets on Thursday, as they react to Federal Reserve Chair Jerome Powell's press conference following the last interest rate hike of the year, and digest a raft of top-tier economic data from China.by 50 basis points on Wednesday, as expected, bringing the calendar year total to 425 bps. It was the first meeting in five that the Fed did not hike by 75 bps.
"The inflation data received so far in October and November show a welcome reduction in the pace of price increases, but it will take substantially more evidence to give confidence inflation is on a sustained downward path," said Powell.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning bid: China's loan dangerA look at the day ahead in Asian markets from Jamie McGeever.
Read more »
Morning bid: It's Fed D-DayA look at the day ahead in Asian markets from Jamie McGeever.
Read more »
41-year-old murder suspect becomes wanted fugitive after million-dollar bond is substantially lowered, freedThe District Attorney's Office asked the court to deny Michael Richardson bond stating he's a danger to the future safety of the community.
Read more »
Asian shares mostly higher ahead of Fed rate hike decisionAsian shares are mostly higher as the Federal Reserve and other central banks prepare for the year’s final barrage of interest rate hikes
Read more »
Donald Trump's Jan. 6 role far worse than incitement, Jamie Raskin saysThe House Jan. 6 committee member said Trump's actions in the attack on the Capitol were 'far more central' than just 'incitement to insurrection.'
Read more »