Most stocks rise as Fed hikes and oil prices drop
- HONG KONG: Most equities rose on Thursday (Sep 17) after the Federal Reserve hiked interest rates for the first time in three years and boss Kevin Warsh sounded a hawkish note that ramped up bets on another increase as officials fight surging inflation.
- Investor sentiment was also given a lift from a further dive in oil prices, which was fuelled by supply hopes after Saudi Arabia moved to restore some capacity from a pipeline it closed at the weekend following drone attacks.
- In a unanimous decision, the Fed lifted borrowing costs for the first time since 2023, defying President Donald Trump's de
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- HONG KONG: Most equities rose on Thursday (Sep 17) after the Federal Reserve hiked interest rates for the first time in three years and boss Kevin Warsh sounded a hawkish note that ramped up bets on another increase as officials fight surging inflation.
- Investor sentiment was also given a lift from a further dive in oil prices, which was fuelled by supply hopes after Saudi Arabia moved to restore some capacity from a pipeline it closed at the weekend following drone attacks.
- In a unanimous decision, the Fed lifted borrowing costs for the first time since 2023, defying President Donald Trump's de
Sources: CNA