Asian stocks set to slide on US Fed fears, interest rate stance2 min read 14 May 2020, 07:35 AM IST
Fed Chair Jerome Powell on Wednesday issued his sober review of an economy slammed by a record pace of job losses
Asian equities were set to slump on Thursday after the head of the Federal Reserve warned of a "significantly worse" U.S. recession than any downturn since World War Two because of coronavirus pandemic fallout, sentiments that drove bonds higher on a safety bid.
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