Mirroring the broadly positive cues from Wall Street overnight, Asian stock markets are trading mostly higher on Thursday, amid optimism over the outlook for interest rates after the US Fed left interest rates unchanged and the accompanying statement signaled three interest rate cuts next year as inflation eased over the past year. Asian Markets closed mixed on Wednesday.
The median forecast indicates rates will be lowered to 4.6 percent by the end of 2024. During his post-meeting press conference, Fed Chair Jerome Powell acknowledged that rate cuts will be a "topic of discussion" at upcoming meetings.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.