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What are the Fed's new hurdles for rate hikes? Only the Fed knows
Most policymakers see inflation only reaching 2% by 2023, with unemployment still above pre-crisis levels.
Australia shares track U.S. peers higher; Fed in focus
Australia's tech stocks climbed 2.4%, with buy-now-pay-later firms bouncing. Bellwethe...
Gold rate flat ahead of US Fed policy meet outcome
Globally, gold prices eased, retreating from a near two-week high hit in the previous sess...
Australia shares dip as banks drag; eyes on U.S. Fed meeting
The ASX 200 index ended 0.08% lower at 5,894.8, with the "Big Four" banks falling between 1.4% and 1.9%. Heavyweights CSL Ltd and BHP Group helped offset banks' losses, while gold stocks climbed nearly 4%.
Sensex drops 170 points after Fed disappoints Street
Pharma and media stocks saw buying while some financial services and banking names were under pressure.
Japan shares end higher as investors eye Fed policy stance
The Nikkei 225 Index finished trade up 0.09% at 23,475.53, with the telecommunications and healthcare sectors leading gains. The broader Topix rose 0.21% to 1,644.35.
Asian stocks cheer upbeat data but temper appetite ahead of Fed
"The risk is if we see no new developments since his Jackson Hole shoutout, this could have near-term pressure on yields ticking up, gold and precious metals complex lower, dollar higher and general risk-off in U.S. equities," said Kay Van-Petersen, global macro strategist at Saxo Capital Markets.
S&P 500 ends higher on growing hopes Fed will stay accommodative
The Dow Jones Industrial Average rose 2.27 points, or 0.01%, to 27,995.6, the S&P 500 gained 17.66 points, or 0.52%, to 3,401.2 and the Nasdaq Composite added 133.67 points, or 1.21%, to 11,190.32.
Shares, currencies tentative as attention shifts to US election, stimulus
MSCI's broadest index of Asia-Pacific shares outside Japan was a shade weaker, though it was not too far from a June 2018 peak at 568.84. Australian and New Zealand shares both opened in the red while South Korea's KOSPI was 0.1% up. Japan's Nikkei hovered near a recent 7-month high at 23,360.
US recovery, slow and uneven, is hampered by 'uncertainty': Fed survey
The Fed, in its "Beige Book" report, highlighted the uneven rebound underway in the US economy, with some areas such as residential real estate surging with the help of low interest rates, but other sectors, such as commercial construction and agriculture, struggling to rebound.
Investors pull $25.8 bn from US equity funds: BofA
Money was sucked out of sectors which have been the main beneficiaries of the rebound in the wake of the Covid19 March crash, said BofA analysts, citing data for the week to Sept. 23 from financial flow tracking firm EPFR.
Watch: US Federal Reserve adjusts inflation target, rate unchanged
The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low...
Fed shifts inflation goal, low rates to stay long
While giving his annual Jackson Hole speech, Powell said US Fed sees maximum employment as a broad-based and inclusive goal.
Market for Trump or Biden? The short answer: Neither. Wall Street is less partisan than most people think
If polls continue to point to a Biden victory in the 2020 presidential election, there will be a temptation to attribute any further tremors in stock prices to fear that a Biden administration would bring socialists into the White House.
Asian shares rise on tech rally, renewed stimulus hopes
U.S. stocks ended positive in choppy trade on Thursday, led by a dogged comeback in the technology sector, having initially sold off on higher-than-expected unemployment claims. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.66% higher in the morning session, after slumping 2.15% a day earlier, its biggest daily drop since June 11.