US Stocks Persistently Ascend After Fed Grants High-Demand 25 Basis Point Rate Hike
US stocks continue to exhibit gains, though the Dow Jones has fluctuated, with the Federal Reserve increasing its policy rate target by 25 basis points while taking a more dovish approach in its policy statement. The S&P 500 has gained nine points, or 0.2%, settling at 4,128. Meanwhile, the Nasdaq Composite has increased by 49 […]
“Hong Kong Monetary Authority Hikes Rates by 25 Bps: Economy in Upward Swing!”
The Hong Kong Monetary Authority (HKMA) has increased its base rate charged via the overnight discount window by 25 basis points to 5.25%. This came within hours after the US Federal Reserve increased its interest rates by the same amount. Hong Kong’s monetary policy moves are closely aligned with the US as the city’s currency […]