Stocks, bonds react to latest Fed rate hike

By Addison Gong
27 Sep 2018

Asian equities showed mixed responses to the increase in the federal funds rate announced by the Federal Open Market Committee (FOMC) on Wednesday night, while bonds in the region held up reasonably well. But there are worries that the pace of rate hikes until the end of 2019 might be too aggressive.

On Wednesday US time, the Federal Reserve raised its benchmark interest rate by 25bp to a range of 2%-2.25%, the highest it has been since 2008. The widely anticipated move marked the third hike of the year, following two 25bp increases in March and June, and the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial