Asian stocks mixed after Fed says ready to act on inflation

asian stocks mixed after fed says ready to act on inflation

Sumary of Asian stocks mixed after Fed says ready to act on inflation:

  • The Dow Jones Industrial Average slipped less than 0.1% to 35,804.38. The Nasdaq composite gained 0.4% to 15,845.23. The Fed notes showed officials still believe this year’s inflation spike is likely to be temporary but acknowledged prices rose more than expected.
  • The notes covered the October meeting at which Fed board members voted to take the first steps to roll back easy credit and other measures to support an economic recovery from the coronavirus pandemic.

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