The Federal Open Market Committee decided to raise interest rates by 25 basis points yesterday signaling the beginning of a gradual rate tightening policy. Markets across the world reacted positively to the news, U.S. stocks jumped 1.5 percent, European indexes extended their rally as bond yields fell, and both Chinese and Japanese stocks closed with strong gains.
"The worldwide reaction showed investor's confidence in the United States ability to deal with higher borrowing costs in time of tepid inflation. Furthermore, Fed Chair Janet Yellen in her press conference yesterday made note of how the Fed's actions were a vote of confidence and that concerns overseas and in the bond market will have a minimal impact to the health of the U.S. economy", says Voya Global Perspectives.


South Korea Signals Possible Interest Rate Hike as Inflation Remains Elevated
ECB Keeps July Rate Options Open Amid Iran War Energy Price Risks
BoE Policymaker Alan Taylor Signals No Need for Interest Rate Hike Amid Iran War Inflation Risks
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists
RBI Hits Pause as Geopolitical Storm Clouds Gather
BOJ Rate Hike Expected to Boost Yen, Impact USD/JPY and Nikkei
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist
Indonesia Plans Higher Asset Yields to Boost Rupiah and Restore Investor Confidence




