Japan markets set to open lower after the Fed raises rates; Bank of Japan decision ahead


The Tokyo Stock Exchange in Japan.

Noriko Hayashi | Bloomberg via Getty Images

“The FOMC is strongly resolved to bring inflation down to 2%, and we will keep at it until the job is done,” Fed Chairman Jerome Powell said in a news conference after the central bank meeting.

Interest rates stand at 3%-3.25% after the hike overnight, and could go as high as 4.6% in 2023, the Fed’s median forecast said.

— CNBC’s Jeff Cox, Samantha Subin, Carmen Reinicke and Yun Li contributed to this report.

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