Asian markets pointed higher after the U.S. Federal Reserve lifted rates more than previously anticipated and held out for a tougher approach to inflation.
The Federal Reserve raised its key benchmark rate by 75 basis points, higher than previously anticipated 50 basis points, after inflation accelerated in May.
Investors cheered the Fed’s aggressive stance on inflation and the largest rate hike since 1994.
In a busy week for central banks, the Bank of England on Thursday is set to announce its rate decision and the Bank of Japan and the Swiss National Bank are scheduled to release their policy decisions on Friday.
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