Reported 3 days ago
Asian stocks experienced a decline as investors reacted to the Federal Reserve's indication of fewer anticipated rate cuts, impacting market sentiments. U.S. stocks were on track to recover from a recent selloff influenced by hawkish comments from the Fed, despite robust economic data suggesting continued growth. The Japanese yen weakened against the dollar, and China's authorities intervened to support their currency. The mixed signals from international markets reflect uncertainty about future interest rate adjustments and economic prospects.
Source: YAHOO