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Asian markets follow Wall St higher on Fed rates promise

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BEIJING – Asian stock markets followed Wall Street higher on Thursday after the U.S. Federal Reserve said its key interest rate would be kept near zero through 2023.

Benchmarks in Shanghai, Tokyo and Hong Kong advanced. Sydney retreated. The Fed's promise to keep rates near rock bottom came even as it forecast this year's economic growth will rebound to 6.5% — its strongest since the 1980s — and inflation will climb above 2% for the first time in years.

On Wall Street, the benchmark S&P 500 index rose 0.3% to a new high. Fed Chairman Jerome Powell's comments at a news conference appeared to reassure investors who worry higher inflation might prompt central banks to raise rates, which would weigh on economic growth. “The market reaction

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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