In today’s briefing:
- Lucror Analytics – Morning Views Asia
Lucror Analytics – Morning Views Asia
- Fed Chairman Jerome Powell yesterday said that there is no need for the US central bank to rush rate cuts.
- He said: “The economy is not sending any signals that we need to be in a hurry to lower rates,” adding that “the strength we are currently seeing in the economy gives us the ability to approach our decisions carefully”.
- Following Mr Powell’s comments, traders reduced their expectations for an interest-rate cut in December to 60% from 80% earlier.
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