US central bank hints at a pause in June but insists interest rates won’t fall this year
“We feel like we’re getting close, or maybe even there” when it comes to taming inflation, US Federal Reserve chairman Jerome Powell said at a news conference on Wednesday. (Photo: AFP)
Asian stocks and US futures edged higher on Thursday as investors brushed aside US Federal Reserve comments that interest rates won’t fall this year and instead looked ahead to eventual policy easing.
An Asia-wide gauge of equities was on course for its best day in three weeks, helped by an advance in Hong Kong shares. Stocks in mainland China whipsawed as they resumed trading after a three-day holiday break, while…
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