. SMH (AUSTRALIA)
ASX extends slump as rates rally runs out of puff
The Australian sharemarket finished slightly lower, despite making early gains following the Fed’s biggest hike to interest rates since 1994.
. CNBC (US)
Asia-Pacific markets mixed as investor sentiment remains fragile following Fed rate hike
Asia-Pacific markets were mixed in Thursday trading with multiple regional markets shedding earlier gains as buoyant sentiment from overnight moves on Wall Street following a Federal Reserve rate hike that equated to its most aggressive such move since 1994 faded.
. RTT NEWS (US)
European Shares Seen Higher At Open Post Fed Rate Hike
European stocks look set to open on a firm note Thursday after Fed Chair Jerome Powell said the Fed has the “tools” and “resolve” to do what it takes to lower inflation from the highest level in more than 40 years.
. REUTERS (UK)
Gold ticks lower on firmer dollar after Fed cranks up rates
Gold prices inched lower on Thursday, as the dollar recovered slightly after a large but widely expected interest rate hike by the U.S. central bank sent the currency tumbling in the previous session.
Oil prices move higher on tight supplies, firm demand outlook
Oil prices recovered on Thursday from a steep drop in the previous session, supported by tight oil supply and peak summer consumption, after a U.S. rate hike sparked fears of slower economic growth and less fuel demand.
. FINANCIAL TIMES (UK)
Fed raises benchmark rate by 0.75 percentage points to tame inflation
Officials accelerate tightening by largest degree in decades in sign of more aggressive approach
. WALL STREET JOURNAL (US)
Investors See Higher Defaults Ahead as Interest Rates, Inflation Take a Toll
Debt investors are betting that the Fed’s rate hike is a prelude to a downturn for some companies as rising borrowing costs are likely to put a damper on consumer spending and raise expenses for business.