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Global equities run out of steam, bond yields fall after Fed rate hike

Updated : September 27, 2018 08:39:15 IST

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.05 percent in early trade while Japan's Nikkei fell 0.45 percent.
The Fed bumped up its policy target by a quarter of a percentage point to 2.00-2.25 percent and indicated that it foresees another rate rise in December, three more next year, and one in 2020.
While that was little changed from its previous projections in June, it would put the benchmark overnight lending rate at 3.4 percent, roughly half a percentage point above the Fed's estimated "neutral" rate of interest, by 2020.
Published : September 27, 2018 07:13 AM IST

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