Fed decision, Japan tankan, Australia PMI

News Snapshot:

Melbourne city centre skyline alongside the Yarra River. Loop Images | Universal Images Group | Getty Images Nikkei hit a fresh all-time high as Asia markets climbed after Federal Reserve maintained its forecast for three rate cuts while holding the Federal Funds rate at 5.25%-5.5%. The outlook for three cuts came from the Fed's "dot plot," a closely watched matrix of anonymous projections from the 19 officials who comprise the Federal Open Market Committee. However, the chart provides no indication for the timing of the moves. The updated dot plot indicated three cuts in 2025 as well – one fewer...