Shares Tick Higher as Fed Hikes Rates, Dollar Jumps with Short-Term Yields

Shares tick higher as Fed hikes rates, dollar jumps with short-term yields

Shares edged up in Asia on Thursday as investors bet the Federal Reserve is finally getting the jump on ​inflation, delivering its first rate hike in more than three years and calming a global bond selloff that had ‌sent long-term yields soaring.

Shares tick higher as Fed hikes rates, dollar jumps

As widely expected, the US Fed raised interest rates by a quarter point overnight, but the unanimous decision tilted to the hawkish side.

Asian bonds fall as US Fed hikes rates and dollar rises

Asian bonds fall as the US Federal Reserve hikes rates, boosting the dollar and signalling possible further tightening to curb inflation. Read more at straitstimes.com.