HONG KONG (AFP): Asian markets mostly dropped Thursday (Sept 17) following a broadly negative lead from Wall Street after the head of the Federal Reserve warned of an "uncertain" outlook for the US economy and stressed the need for fresh stimulus.
While the central bank indicated interest rates were unlikely to begin rising for another three years, allowing businesses to borrow at ultra-low levels, Jerome Powell's call for more fiscal help came with US lawmakers unable to find common ground on a new package.
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