BusinessAI imageAsian Stocks Mixed After US Fed Raises Rates for First Time Since 2023
The Federal Open Market Committee unanimously raised its benchmark interest rate by 0.25 percentage points to a range of 3.75%–4%. This marks the first rate hike since 2023. The Fed's dot plot indicates the possibility of another rate increase before the end of the year, signaling a tightening monetary policy stance.
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