Friday, October 3, 2025
spot_img
More
    HomeTop StoriesAsia-Pacific markets rise after Fed hikes rates to 22-year high

    Asia-Pacific markets rise after Fed hikes rates to 22-year high


    The ICC International Commerce Centre, and Hong Kong’s brand new museum of visual culture, Victoria harbor, Hong Kong, China.

    Ucg | Universal Images Group | Getty Images

    Overnight in the U.S., the main benchmarks closed mixed with the the Dow Jones Industrial Average notching its best winning streak since 1987, while the S&P 500 and the Nasdaq Composite ended the trading day with declines.

    The Fed’s FOMC on Wednesday raised its funds rate by a quarter percentage point to a target range of 5.25% to 5.5%. The midpoint of that target range would be the highest level for the benchmark rate since early 2001.

    —CNBC’s Jeff Cox contributed to this report.



    Source link

    RELATED ARTICLES

    Most Popular

    Recent Comments