31 Jan Hong Kong holds base rate steady, after US Fed’s unanimous vote to ‘keep options open’ dashes optimism for an earlier cut
Posted at 23:10h
in Asia
Powell’s circumspect tone indicated that the Fed was in no rush to reduce rates. That sent stocks skidding, as traders who were betting for cuts to commence in March ran for cover. The S&P500 index plunged 1.5 per cent in New York, marking the sharpest...