Asian, European markets surge on Fed rate hopes
Asian and European markets rally on expectations that the US Federal Reserve will hold its horses on interest rates for the first time in more than a year. – EPA pic, June 2, 2023.
ASIAN markets rallied today on hopes the US Federal Reserve will decide against lifting interest rates this month as officials assess the impact of more than a year of tightening. With US default worries out of the way after senators passed a debt ceiling bill for President Joe Biden to sign following months of wrangling, attention has returned to the US central bank’s drive to defeat decades-high inflation.
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