US stocks climb after Fed decision, gold hits fresh high

Quick Summary:

Official data showed eurozone inflation eased more than previously estimated in February, driven by a slowdown in consumer price increases in Germany.

The US central bank's rate decision was widely expected, although it also cut its growth forecast for 2025 and hiked its inflation outlook.

The yen gave up initial gains against the dollar after the Bank of Japan kept interest rates on hold, warning about "high uncertainties" including overtrade.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermanyIsraelJapanUkraine

Topics: Cent Trump Inflation Dollar Stock President Rate Seen Rates Bank York

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 06:33:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 644 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27181159

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 70 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 16 minutes ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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