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International Business Times
International Business Times
Business
AFP News

Most Stocks Rise On Fed Rate Cut Hope But Strong Yen Batters Tokyo

Traders have priced in a Federal Reserve interest rate cut next month, with some predicting another two before the end of the year (Credit: AFP)

Most equity markets rose Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled on a stronger yen following a hike by the Bank of Japan.

US central bank boss Jerome Powell said decision-makers were increasingly confident inflation and the economy were at a point where they could start loosening monetary policy.

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