Markets Came Away With a Positive Spin on Powell’s Press Conference

Equities rallied overnight on greater speculation that Fed officials might not raise interest rates again in this tightening cycle. Share prices on Thursday closed up 2.2% in Taiwan, 1.8% in South Korea, 1.7% in New Zealand, 1.6% in Indonesia, 1.1% in Japan, and 0.8% in India and Hong Kong. Today’s rises so far around major […]