Asian stocks fell as the U.S. Fed signaled slower rate cuts, causing a Wall Street sell-off.

Asian stocks declined after the US Federal Reserve indicated a slower pace of interest rate cuts for next year, leading to a sell-off on Wall Street. The Bank of Japan maintained its interest rates, causing the yen to weaken. The MSCI Asia-Pacific index fell by up to 1.6%, and major US indexes also dropped, with the Dow Jones plunging over 1,000 points. The Fed's cautious stance and reduced rate-cut expectations heightened market volatility and uncertainty.

December 19, 2024
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