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Asia stocks rally, led by Hang Seng on debt-ceiling deal approval, hopes Fed is done with rate hikes

Por: MarketWatch Business June 02, 2023

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Wall Street’s benchmark S&P 500 index rallied 1% on Thursday after data showed manufacturing and retail activity weakening. That added to hopes the Fed might decide upward pressure on prices is easing and more rate hikes can be postponed or scaled down. “Skipping a rate hike” at this month’s Fed meeting would let policymakers “see more data before making decisions,” said a board member, Philip Jefferson. The president of the Federal... + full article



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