Fed Decision, RBA Warning: Asia Markets Cautious

Asian stock markets cautiously awaited the US Federal Reserves policy decision, leading to a downturn in early trading. The broader Asia-Pacific index, excluding Japan, dropped by 0.3%. Australias main stock index fell by 0.7%, while Japans Nikkei remained flat. Chinese blue-chip stocks and Hong Kongs Hang Seng also saw slight declines. The focus was on the Feds updated economic forecasts and Chairman Powells press conference. Meanwhile, the Reserve Bank of Australia, despite keeping rates unchanged, issued a hawkish warning, causing the Australian dollar to strengthen and stocks to decline.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.