• Asian stocks retreat on lack of new Fed action

    12 days ago - By Chron

    Asian stock markets tumbled Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans.
    Market benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all retreated.
    On Wednesday, Wall Street's benchmark S&P 500 index closed down 0.5% after the Fed said it won't raise interest rates until inflation reaches 2%, which the U.S. central bank's own projections show it doesn't expect until late 2023.
    Chairman Jerome Powell promised the Fed “we will not lose sight of the millions of Americans...
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  • Asian stocks retreat on lack of new Fed action

    Asian stocks retreat on lack of new Fed action

    12 days ago - By Stl Today

    Asian stock markets declined Thursday after the U.S. Federal Reserve indicated its benchmark interest rate will stay close to zero at least through 2023 but announced no additional stimulus plans.
    Read more ...