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Stock impact report

Stock market today: Asian shares are mixed ahead of a Fed decision on interest rates [Yahoo! Finance]

Affirm Holdings, Inc. - Class A (AFRM) 
Company Research Source: Yahoo! Finance
ASSOCIATED PRESS BANGKOK (AP) — Shares were mixed Wednesday in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will issue a policy decision on Friday. In March, it raised its benchmark rate from minus 0.1% to a range of zero to 0.1%, the first such increase in 17 years. The government reported that producer prices rose 2.4% in May, as the yen's weakness against the U.S. dollar raises costs for imports of fuel and manufacturing components. At the same time, the latest data show real wages adjusted for inflation fell in April for the 25th straight month. The worry is that the Bank of Japan will be constrained from raising interest rates out of concern that higher prices will depress consumer spending, hurting the overall economy. Tokyo's Nikkei 225 index lost 0.7% to 38,876.71. Hong Kong's Hang Seng in Show less Read more
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