Following the sell-off on Wall Street overnight, Asian stock markets are trading mixed on Thursday, as traders react to the US Fed's highly anticipated monetary policy announcement and accompanying statements. The Fed pushed back against bets on an interest rate cut in March. Asian Markets closed mostly lower on Wednesday.
The Fed left interest rates unchanged and maintained the target range for the federal funds rate at 5.25 to 5.50 percent to support its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.