Asian markets mixed after Fed official floats rate cut delay

A US Federal Reserve official has floated the idea of delaying or reducing interest rate cuts. Photo: MANDEL NGAN / AFP/File

The latest was Fed governor Christopher Waller, who told a conference in New York that"it is appropriate to reduce the overall number of rate cuts or push them further into the future in response to the recent data"."We made a lot of headway in reducing inflation in the past year or so, although the readings in the past two months have been disappointing," Waller said."Shorter-term inflation measures are now telling me that progress has slowed and may have stalled.

Despite the worries, all three main indexes on Wall Street rose, with the S&P 500 clocking another record high.Tokyo was down more than one percent as the yen stabilises after hitting 151.97 per dollar Wednesday, its weakest level since 1990 following comments from a Bank of Japan official warning monetary policy would remain accommodative for some time.

The slide has fuelled speculation authorities will step in to support the unit, with Vice Finance Minister Masato Kanda warning that he was ready to do whatever was necessary.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian markets swing as traders await Fed policy decisionAsian markets fluctuated Wednesday as traders struggled to track another record day on Wall Street, with focus squarely on the Federal Reserve's policy meeting. Still, Wall Street investors remained upbeat, pushing all three main indexes higher on the back of a tech rally, with the S&P 500 chalking up another record.
Source: brieflyza - 🏆 10. / 68 Read more »

Asian stocks track Wall St record after Fed keeps rate projectionAsian markets rallied Thursday after Wall Street's record-breaking day as traders welcomed news that the Federal Reserve still saw three interest rate cuts this year even after recent data pointed to a bounce in inflation.
Source: brieflyza - 🏆 10. / 68 Read more »

Asian markets struggle as US data dents Fed rate cut optimismAsian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh concerns about inflation and dampened optimism that the Federal Reserve will slash interest rates as much as it expected this year.
Source: brieflyza - 🏆 10. / 68 Read more »