© 2025 WFAE

Mailing Address:
WFAE 90.7
P.O. Box 896890
Charlotte, NC 28289-6890
Tax ID: 56-1803808
90.7 Charlotte 93.7 Southern Pines 90.3 Hickory 106.1 Laurinburg
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Asian Markets Move Lower On News From Fed Meeting

DAVID GREENE, HOST:

We'll begin NPR's business news with fallout from the Fed.

(SOUNDBITE OF MUSIC)

GREENE: Stock markets across Asia fell and India's currency continued its plunge after minutes from the July meeting of the Federal Reserve were released yesterday. The records from that meeting showed that officials were comfortable with scaling back its huge bond-buying program as the economy grows stronger.

This is bad news for emerging markets, because investors will be returning to U.S. bond markets to go after rising interest rates. Transcript provided by NPR, Copyright NPR.