Fed Hike Sparks Dollar Surge and Commodity Selloff

The Federal Reserve raised interest rates by 0.25% in its first hike since 2023, signaling at least one more rate increase before year-end.

Asian markets reacted positively to the decision, with MSCI's Asia-Pacific index excluding Japan rising 0.4%, while Japan's Nikkei gained 0.5%

The U.S. dollar hit a seven-week high against its major peers, supported by higher short-term Treasury yields.