Business
ASX set to edge lower despite Fed boosting markets – Sydney Morning Herald
Wall Street zigzagged in afternoon trading after the Federal Reserve issued a statement saying it expects to keep its key interest rate near zero through 2023.
Stock indexes zigzagged in afternoon trading on Wednesday (US time) after the Federal Reserve issued a statement saying it expects to keep its key interest rate near zero through 2023.
The central banks renewed commitment to keeping rates at rock bottom lows comes even as it forecasts the economy will accelerate quickly this year. Wall Street has been anxious about the potential for higher inflation and has been looking for signs that the central bank shares investors concerns.
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