Tag: Fed
Asian shares rise ahead of Fed decision on rate hike.
Asian stock markets rose moderately on Wednesday as investors await the Federal Reserve's anticipated interest rate increase. Japan's Nikkei 225 jumped 1.7%, while Hong Kong's Hang Seng rose 2.1%. The Fed is expected to raise rates by 0.25 percentage points, marking the first increase since 2018 and potentially signaling a series of future hikes to combat high inflation.
