Stocks rise as expectations of Fed rate increases fade

Summarised from 2 outlets · Updated 5 Oct, 02:48 · Archive

Stock markets rose as traders became less confident the US Federal Reserve would raise interest rates.

Stock markets rose as traders reduced their expectations of further interest rate increases from the US Federal Reserve. The dollar weakened during the move.

Trading volumes were low across Asian markets, with holidays in China, South Korea and New South Wales limiting activity. Markets took their direction primarily from Wall Street, which had driven the shift in sentiment about the Fed's monetary policy trajectory.

Stocks rise as expectations of Fed rate increases fade — Image: The West Australian

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How it is being reported

Stocks upbeat, dollar wobbles as Fed hike bets recedeThe West Australian · 5 Oct, 02:27
Stocks upbeat, dollar wobbles as Fed hike bets recedePerth Now · 5 Oct, 02:27

In this story: Federal Reserve · China · South Korea · New South Wales · Wall Street

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