Stocks Rebound Amid Fed Hike and Lower Oil Prices

Global stocks rebounded on Thursday after pausing their recent slide, while the global bond rout took a breather. The US Federal Reserve's interest rate hike and lower oil prices contributed to this recovery. Investors are digesting the Fed's decision and its 'dot plot' signals, which suggest a shallow hiking cycle of around 100 basis points in total.

The Atlanta Fed's GDPNow model is pointing to 5.1% growth in Q3, which would be the strongest non-pandemic-distorted quarter since 2000. The Bank of England kept interest rates on hold but warned they might have to go up if the Iran war drags on.

The US Securities and Exchange Commission unveiled its long-awaited exemption for companies to offer trading in blockchain-based or 'tokenized' stocks and other securities, which could integrate digital assets more deeply into traditional markets.