Asian stocks declined on Thursday after U.S. Federal Reserve officials announced another big rate hike and reiterated their support for further interest rate hikes to curb rampant inflation.
The U.S. central bank now sees its benchmark interest rate reaching 4.4 percent by end of 2022 and rising even further in 2023 despite growing headwinds to economic growth and the labor market.
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Business News
April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.