Asian currencies mixed after Fed rate hike; Warsh emphasizes price stability
Asian currencies are mixed in early trade following the Federal Reserve’s first rate hike since 2023, with Fed Chair Kevin Warsh highlighting that price stability is the Fed’s primary focus.
Asian currencies were mixed in early trade after the Federal Reserve raised rates for the first time since 2023. Fed Chair Kevin Warsh said price stability is currently the central bank's primary focus. Warsh's focus and the Fed's unanimous decision to hike rates sent a strong signal.