He suggested that inflation should slow sometime next year as supply bottlenecks ease, but that the Fed cannot be certain that it will.The original WoW developers decided that there would be an array to hold your inventory. It is also making finished goods more expensive, raising concerns about whether consumers will cut back on spending as prices rise.Īt a news conference Wednesday, Fed Chair Jerome Powell stressed that the outlook for inflation looks highly uncertain, limiting the ability of the Fed to tailor its policies in response. The Fed’s latest statement and policy shift comes amid persistent rising inflation that has cut into corporate operations and raised prices on raw materials. It was trading at 1.57% shortly before the Fed released its policy statement. The yield on the 10-year Treasury note rose to 1.59% from 1.54% late Tuesday.
Adobe rose 2.3% and Tesla rose 3.6% to a record high.īond yields rose broadly after the Fed's statement. Technology stocks and a mix of companies that rely directly on consumer spending accounted for a big slice of the S&P 500′s gains. Eyes also remain on earnings reports expected from an array of companies in Asia, including Japanese automakers and technology companies. “We got a ‘dowkish’ Fed move,” was the way RaboResearch characterized the message.īut long-term worries about Asian economies remain because of concerns there may be a sixth wave of coronavirus infections, despite growing signs of a return to normal economic activity and a freer flow of people traveling in some nations. Hong Kong's Hang Seng added 0.1% to 25,058.95, while the Shanghai Composite rose 0.7% to 3,521.67.Īnalysts said the signs from the Fed continued to be dovish, as well as hawkish, reassuring global markets that interest rates weren't going to be raised for some time. Japan's benchmark Nikkei 225 gained 0.7% in afternoon trading to 29,729.44. Federal Reserve's announcement on winding down the extraordinary aid for the economy it has been providing since the early days of the pandemic. Asian shares rose Thursday, boosted by the U.S.
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