Asian Markets Drop on Fed Rate Hesitation, China Inflation

Asian stock markets experienced a downturn due to uncertainty over U.S. Federal Reserve interest rate cuts, exacerbated by Chinas disappointing inflation numbers. The Federal Reserves January meeting minutes indicated policymakers caution about rapid rate cuts, while Chinas weak inflation data pointed to ongoing deflationary pressures. Oil prices saw a slight rebound, and the dollar index remained stable.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.