The Fed's rate result overnight caught the attention of global markets. Strategists were divided on the Fed's latest rate hike and Powell's comments.
Some strategists are optimistic that Powell hinted that the need for further rate hikes will decrease, claiming that this is a dovish one. Asian stock markets are likely to remain under pressure.
At the same time as the release of the Fed's rate hike, US Treasury Secretary Yellen's speech in Congress made the market sentiment even more confusing. Yellen said on Wednesday that regulators do not intend to consider providing comprehensive deposit insurance to stabilise the US banking system. Strategists believe that Yellen's remarks may also affect the trend of Asian assets.