HONG KONG : Asian markets rose Thursday (June 15) after the Federal Reserve decided against hiking interest rates and China's central bank cut borrowing costs as officials look to kickstart the struggling economy. After 10 straight increases since early 2022, US monetary policymakers stood pat at their latest meeting "to assess additional information and its implications for monetary policy". However, they signalled more increases were likely to come later in the year as inflation was still double the bank's target rate and the jobs market remained tight.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-06-15-story-h-267812868-Asian_markets_rise_as_Fed_holds_rates_China_cuts

#i3investor