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Asian stocks higher after Fed says rate hikes may be needed

Pedestrians walk past the New York Stock Exchange, Thursday, July 7, 2022 in New York. Stocks rallied again on Wall Street Thursday, and the S&P 500 is closing out a fourth straight gain. (AP Photo/J. David Ake) Pedestrians walk past the New York Stock Exchange, Thursday, July 7, 2022 in New York. Stocks rallied again on Wall Street Thursday, and the S&P 500 is closing out a fourth straight gain. (AP Photo/J. David Ake) A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 7, 2022. Asian stock markets gained Thursday after the Federal Reserve said higher U.S. interest rates might be needed to cool inflation.(AP Photo/Ahn Young-joon) A currency trader walks by the screens showing the foreign exchange rates at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 7, 2022. Asian stock markets gained Thursday after the Federal Reserve said higher U.S. interest rates might be needed to cool inflation.(AP Photo/Ahn Young-joon) Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 7, 2022. Asian stock markets gained Thursday after the Federal Reserve said higher U.S. interest rates might be needed to cool inflation. (AP Photo/Ahn Young-joon)
Asian stocks higher after Fed says rate hikes may be needed