Asia-Pacific markets trade mixed as investors weigh Fed comments, Israel-Iran ceasefire

Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mixed Wednesday, as investors weighed a ceasefire between Israel and Iran, as well as fresh commentary from the U.S. Federal Reserve. There is growing optimism that a ceasefire between Israel and Iran brokered…

Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Chair of the US Federal Reserve Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting in Washington, DC, on June 18, 2025. Saul Loeb | Afp | Getty Images Federal Reserve Chair Jerome Powell on Tuesday emphasized the central bank’s commitment to keeping inflation in check, saying he expects policymakers…

Asia-Pacific markets trade mixed as investors weigh Fed decision, Middle East conflict

Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets traded mixed Thursday, as investors weighed the U.S. Federal Reserve’s decision to keep interest rates steady, while the ongoing conflict between Israel and Iran continues to dent sentiment….

Federal Reserve holds its benchmark interest rate steady at today’s FOMC meeting

The Federal Reserve said Wednesday it is holding its benchmark interest rate steady, marking a continuation of its “wait-and-see” approach as it assesses the impact of the Trump administration’s economic policies. The central bank also expects inflation to worsen in the coming months, but it still foresees two interest rate cuts by the end of…