Asian stocks weaken as Fed policy doubts simmer

Asian stocks weaken as Fed policy doubts simmer

Asian stocks dipped early Monday as traders reined in expectations of Federal Reserve interest rate cuts following fresh signs of US economic resilience. Japanese and Australian shares fell. South Korea’s benchmark bucked the trend, led by Samsung Electronics Co.’s rally after it announced a stock buyback plan. US futures gained, after the S&P 500 slid … Read more

U.S. Federal Reserve’s rate cuts come into view as inflation retreats

U.S. Federal Reserve’s rate cuts come into view as inflation retreats

Federal Reserve Chair Jerome H. Powell. File. | Photo Credit: AP Federal Reserve policymakers are set to start the new year with fresh evidence that their 2022-2023 interest-rate hike campaign put U.S. price pressures firmly in retreat, with data on Friday showing that by some key measures inflation is now at or below their 2% … Read more