Asian stock markets are higher on Thursday, after the Fed announced its widely expected decision to maintain ultra-easy policy. The Fed left interest rates and asset purchases unchanged even as the central bank upgraded its assessment of the U.S. economy. The cues overnight from Wall Street were weak. Asian markets closed mostly higher on Wednesday.
Investors are also awaiting U.S. President Joe Biden's address to a joint session of Congress for clues on further stimulus measures, which may aid in speeding up the global economic rebound from the pandemic.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.