Thai minister says local and global rates should move in the same direction
A trader monitors movements at The New York Stock Exchange following the announcement of the US Federal Reserve interest-rate decision on Wednesday.
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Thai minister says local and global rates should move in the same direction
A trader monitors movements at The New York Stock Exchange following the announcement of the US Federal Reserve interest-rate decision on Wednesday. (Photo: Reuters)
Asian stocks surged on Thursday after the Federal Reserve made its first interest rate cut in four years a big one, creating what analysts say should be a path to a soft landing for the US economy.
The dollar gained and long-dated bond yields rose as markets around the world welcomed the long-awaited action by the US central bank,…