January 30, 2025 - 03:39
Asian shares experienced a mostly positive trend on Thursday, buoyed by the U.S. Federal Reserve's recent decision to maintain interest rates steady. This marks a significant moment as it is the first time since September that the Fed has refrained from implementing cuts aimed at stimulating the economy. Despite the upward movement in Asian markets, investor sentiment remains cautious, primarily due to ongoing uncertainties regarding the U.S. economic outlook and the implications of President Trump's administration policies.
In the wake of the Fed's announcement, the S&P 500 index in the United States recorded a decline of 0.5%, closing at 6,039.31. This drop reflects the mixed feelings among investors as they grapple with the potential impacts of the Fed's stance on future economic growth. As regional markets react to these developments, the focus remains on how global economic dynamics will evolve in the coming weeks.
