The Federal Open Market Committee decided to raise interest rates by 25 basis points yesterday signaling the beginning of a gradual rate tightening policy. Markets across the world reacted positively to the news, U.S. stocks jumped 1.5 percent, European indexes extended their rally as bond yields fell, and both Chinese and Japanese stocks closed with strong gains.
"The worldwide reaction showed investor's confidence in the United States ability to deal with higher borrowing costs in time of tepid inflation. Furthermore, Fed Chair Janet Yellen in her press conference yesterday made note of how the Fed's actions were a vote of confidence and that concerns overseas and in the bond market will have a minimal impact to the health of the U.S. economy", says Voya Global Perspectives.


RBA Expected to Hold Interest Rates at 4.35% as Markets Watch AUD/USD and ASX 200
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert
ECB Set to Raise Interest Rates as Energy Shock Fuels Eurozone Inflation Concerns
BOJ Signals More Rate Hikes as Inflation Risks Rise Amid Energy Price Pressures
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure




