Market Views: Will Asia gain as Fed nears end of rate hike cycle?
As the Fed leaves room for one more hike later this year, AsianInvestor asks how this might influence investor sentiment about Asia's capital flows and economic prospects.
The US Federal Reserve raised interest rates on July 26 by a quarter of a percentage point, translating into 11 hikes after its last 12 meetings.
The new benchmark overnight interest rate in the 5.25%-5.50% range, a level last seen just before the global financial crisis of 2007-2008.
Fed chair Jerome Powell said the US economy still needed to slow and the labour market to weaken for inflation to "credibly" return to the US central bank's target of 2%.
Powell made no promises …
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