Traders were spooked after the Federal Reserve’s rate guidance indicated two cuts next year, rather than the four previously seen.
Photo: Brendan SMIALOWSKI / AFP
Source: AFP
Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials’ focus was back on fighting inflation.
Attention now turns to the Bank of Japan as it holds its own policy meeting…
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