Asian stocks mixed after Fed says ready to act on inflation
ABC News
Asian stock markets are mixed after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation
BEIJING -- Asian stock markets were mixed Thursday after Federal Reserve officials indicated they were ready to raise interest rates sooner than expected if needed to cool inflation.
Shanghai and Seoul declined while Tokyo, Hong Kong and Sydney advanced.
Wall Street's benchmark S&P 500 index gained 0.2% before markets closed for a U.S. holiday. They reopen Friday for a shortened trading session.
Fed officials at their October policy meeting said they “would not hesitate” to respond to inflation, according to notes released Wednesday. They foresaw the possibility of raising rates “sooner than participants currently anticipated."
