Global Markets React Cautiously to Fed's Decision to Maintain Interest Rates
Despite initial rallies, global stock markets exhibit mixed responses as the Federal Reserve holds rates steady, signaling concerns over persistent inflation.
- Asian markets showed mixed results, with Japan's Nikkei slightly down and Hong Kong's Hang Seng up, following the Fed's rate decision.
- Federal Reserve Chair Jerome Powell indicated that rates are likely to remain high longer than anticipated due to insufficient progress on inflation targets.
- European markets are poised for a positive open, reacting to the Fed's decision with cautious optimism.
- U.S. stock futures surged initially but gains were limited by ongoing concerns over inflation and economic data.
- Investors adjust expectations, reducing anticipated rate cuts for 2024 amid persistent inflation and economic uncertainty.
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