Asian shares firmer on Fed’s soothing comments
Equities rise while dollar stays near its lowest levels so far in 2021 after US Federal Reserve officials reaffirmed a dovish monetary policy stance
26 May 2021 - 07:27
Shanghai — Asian shares rose on Wednesday while the dollar stood near its lowest levels so far in 2021 after US Federal Reserve officials reaffirmed a dovish monetary policy stance, providing yet more assurance to investors worried about the inflation outlook.
Richard Clarida, the Fed’s vice-chair, said on Tuesday that the US central bank would be able to curb an outbreak of inflation and engineer a “soft landing” without throwing the country’s economic recovery off track...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.