Category Markets

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Crude oil lower after Fed rate hike

Crude oil futures closed lower on Wednesday (Sept. 21) after the Federal Reserve (Fed) raised interest rates by 0.75%, raising concerns among investors that this would hurt the economy and oil demand. Initially, crude oil futures rose on reports that…

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Fed raises interest rates by 0.75% as expected

At its meeting yesterday, the Federal Reserve’s Monetary Policy Committee (FOMC) decided to raise the short-term interest rate by 0.75% to 3.00-3.25%, in line with market expectations. The Fed has raised interest rates for the third time in a row…

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Asian stock markets closed negative

Tokyo’s Nikkei closed down 375.29 points, or -1.36%, at 27,313.13 points as auto stocks gained on the back of Ford Motor’s recovery last night in the US. The losers were Unitika-7.51%, Pacific Metals-4.61%, and Daikin Industries-3.94%. The gainers were Japan…

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