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Global stocks are declining after the downturn in the financial system

Global commodities and crude oil prices plummeted after the Federal Reserve government ordered inflation to come faster than expected, with the US Central Bank predicting a slowdown in inflation this year.

Japan’s Topix index fell 0.6% and Australia’s S&P / ASX 200 fell 0.3% in Asia-Pacific trading on Thursday. Wall Street’s index for S&P 500 index was down 0.3%, while London’s FTSE 100 index was down 0.5%.

The weakening of the stock market came as money kept its high interest rate at 0 to 0.25% on Wednesday. But an agreement between Fed officials moved to rising prices in 2023, pushed forward from earlier predictions of 2024.

A sharp rise in prices is expected to be 3% this year, a higher than the 2.2% expected in March, according to Fed official estimates.

The US Treasury produces, which increases when prices fall, when he settled down he jumped based on the Fed’s announcement. Yields over the 10-year U.S. economy stabilized at 1.579% in Asian markets after rising nearly 0.1 percent in the previous quarter. The S&P 500 closed 0.5% down Wednesday.

Jay Powell, chairman of the Fed, said there was “every reason to expect that we will be in a market for workers with good numbers, unemployed, more active participation and higher wages”.

The Federal Open Market Committee also retained its procurement program, which was launched last year to alleviate the financial crisis from Covid-19, unchanged at $ 120bn per month. Powell said the process for implementing the program would be “systematic, accurate and transparent”, adding that any changes should be made “in advance”.

“We do not think that watching this program would cause financial or market problems,” said Rick Rieder, chief financial officer at BlackRock. “The greatest danger these days is to become a hot-tempered paradise where it is difficult to predict how high prices, or pay, could come.”

Shares in China, where high interest rates are The traffic flows from global money brokers who want to repay properly, ignored the Fed’s announcement. The CSI 300 list of Shanghai- and Shenzhen shares rose 0.3% after data showing that new house prices in the country rose sharply in May. The Hang Seng list in Hong Kong has not changed much.

The expectation of rigorous thinking was also weight on oil prices, while the ugly Brent, a global brand, fell 0.4% at $ 74.12 a barrel. The rate at US West Texas Central fell the same to $ 71.86 a barrel.

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