scorecardresearchAsian stocks higher after US Fed says rate hikes may be needed

Asian stocks higher after US Fed says rate hikes may be needed

Updated: 07 Jul 2022, 09:14 AM IST
TL;DR.
  • Wall Street's benchmark S&P 500 index gained 0.4% on Wednesday after notes from the latest Fed meeting said an even more restrictive stance could be appropriate to get inflation back to its 2% target. They acknowledged that could weaken the economy.
A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 21, 2022. Asian stocks rebounded Tuesday as Wall Street futures moved higher while U.S. markets were closed for a holiday. (AP Photo/Kin Cheung)

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, June 21, 2022. Asian stocks rebounded Tuesday as Wall Street futures moved higher while U.S. markets were closed for a holiday. (AP Photo/Kin Cheung)