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Analysts stay positive on Asia equities as regional markets rally after dovish Fed comments

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Tan Nai Lun

Tan Nai Lun

Published Thu, Mar 21, 2024 · 12:23 PM
    • The Federal Reserve left interest rates unchanged, with the Fed Funds rate target between 5.25 and 5.5 per cent.
    • The Federal Reserve left interest rates unchanged, with the Fed Funds rate target between 5.25 and 5.5 per cent. PHOTO: REUTERS

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    ANALYSTS remain positive on Asian markets, after the outcome from the latest Federal Open Market Committee (FOMC) meeting proved to be more dovish than expected.

    With the risks from the FOMC event over, the positive momentum for stocks should continue as focus reverts to earlier themes and as yields continue to fall, analysts said.

    The Federal Reserve on Wednesday (Mar 20) kept interest rates unchanged, with the Fed Funds rate target between 5.25 and 5.5 per cent.

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