![]() “The key takeaway, in my view, is that we are likely at or very near the end of the rate hike cycle,” said Kristina Hooper of Invesco in a report. People walk past the New York Stock Exchange on Wednesday, Jin New York. ![]() The Fed’s statement dropped a reference to “additional policy firming” but stopped short of declaring an end to rate hikes. Wall Street’s benchmark S&P 500 index fell 0.7% on Wednesday after the Fed announced a 0.25 percentage point increase in its lending rate. Japanese markets were closed for a holiday. Shanghai and Hong Kong advanced while Seoul and Sydney declined. ![]() Free Press 101: How we practice journalismīEIJING (AP) - Asian stock markets were mixed Thursday after the Federal Reserve raised its benchmark lending rate again to cool inflation and said it wasn’t sure what may come next. ![]()
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