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Asian Markets Rally as Fed Cut Hopes Trump Trade War Fears
Indian equities and Asian markets rally on expectations of Federal Reserve interest rate cuts amid concerns over US job growth slowdown, boosting investor confidence.
- Asian stocks rose due to hopes that the Federal Reserve will cut interest rates, as noted by Federal Reserve Chairman Jerome Powell.
- Powell remarked on the increased risks to employment in the current labor market, stressing the challenge of balancing employment and inflation goals.
- President Trump expressed optimism about the relationship with China, stating, 'we have a fair relationship with China, and I think it’ll be fine.'
- Despite mixed results in US markets, Asian markets showed positive movement, reflecting investor sentiment on interest rate cuts.
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Markets rally, dollar weakens as Fed cut hopes trump trade war fears
Stocks jumped and the dollar retreated Wednesday as trade war fears were overshadowed by comments from Federal Reserve boss Jerome Powell that suggested the bank would cut interest rates again this month.
Leading Asian stock indexes turned green today as investor fears of a trade war were allayed by Federal Reserve Chairman Jerome Powell, who hinted that the bank would cut interest rates again this month.
The Fed chairman's remarks on Tuesday were well-received by the markets, as concerns about escalating trade disputes eased.
Coverage Details
Total News Sources36
Leaning Left4Leaning Right4Center10Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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