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Asian Stocks go up as Investors Keen on Fed Policy Statement

Asian stocks advanced the Federal Reserve policy statement. Investors hope slowdown in interest rate hikes.<br>

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Asian Stocks go up as Investors Keen on Fed Policy Statement

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  1. Asian Stocks go up as Investors Keen on Fed Policy Statement Asian shares rose on Wednesday, whereas the dollar dipped, just ahead of the policy decision by the Federal Reserve. Many hope this Federal policy decision may hint at a slowdown in the rate hikes in the upcoming days. Federal Policy Decision The U.S. central bank will raise interest rates by 75 basis points after it concludes the two-day policy meeting on Wednesday. However, investors will look for signs from the Fed of tapering the size of rate hikes in the future. The investors will scrutinize the Fed policy statement and the remarks by Jerome Powell, the Fed Chair, to look for any signal suggesting a potential slowdown in the rate hikes by the policymakers.

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