Dollar, Yields Fall on Fed; Asia Stocks Seen Down: Markets Wrap

The Fed’s stance was more cautious than many had forecast, sending the yield on 10-year Treasuries down to 2.52 percent. Japan is closed for a holiday, while futures indicated lower starts for equities in Australia and Hong Kong. Waning momentum in the U.S. economy and other parts of the world signal concern at the central bank is growing, as the Fed flagged that it will keep rates on hold went further than the one-hike forecast analysts in a Bloomberg survey had expected.

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