Stocks in Australia were set to decline at the open on Thursday, following the U.S. Federal Reserve's monetary policy decision and hints that the central bank is not considering a cut in interest rates at this moment.
Markets in China and Japan are closed for holidays.
U.S. Federal Reserve Chairman Jerome Powell said in a news conference that recently low inflationary pressures may only be "transitory," dashing speculation the central bank was at least entertaining the idea of a rate cut because of tame inflation.overnight monetary policy decision and hints that the central bank is not considering a cut in interest rates at this moment.in Australia. The benchmark index Down Under last closed at 6,375.90.
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