Asian shares were mostly higher Thursday after the U.S. Federal Reserve held interest rates steady while hinting more hikes may be coming. (AP Photo/Lee Jin-man)Asian shares were mostly higher Thursday after the U.S. Federal Reserve held interest rates steady. “The Fed can later decide to continue the rate increase or keep high rates for a significantly long time. In anticipation of future increases to rates, yields in the bond market rose following the Fed’s announcement. Stock indexes initially sank following the Fed’s announcement, but they pared their losses, as Powell spoke at a press conference.

Source: thestar June 15, 2023 14:16 UTC