Asian markets mixed after US fed hikes rates again
Asian markets are mixed in early trade on May 4, 2023, after the Federal Reserve soured the mood on Wall Street by not only raising rates but also indicating that it would not cut them any time soon. – EPA pic, May 4, 2023.
ASIAN markets were mixed in early trade today, after the Federal Reserve soured the mood on Wall Street by not only raising rates but also indicating that it would not cut them any time soon. All three major US indices declined along with the dollar after the Fed’s latest hike, while recession worries drove US oil prices below US$70 a barrel, where they remained today.
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