Reported about 2 months ago
Global shares displayed a mixed performance on Friday, as investors awaited a crucial speech from Federal Reserve Chair Jerome Powell, which could provide insights on potential interest rate cuts. In Asia, Japan's Nikkei 225 index rose by 0.4%, while South Korea's Kospi and Hong Kong's Hang Seng experienced minor declines. Despite some economic slowing in the U.S., expectations for Fed rate cuts are high as inflation wanes, making Powell's speech at the upcoming symposium in Jackson Hole closely monitored by market participants.
Source: YAHOO