Fed Rate Cut Hesitation Sparks Asian Market Drop

Asian stock markets experienced a downturn due to investor uncertainty over the Federal Reserves interest rate cut plans. The Feds cautious approach, as indicated by January meeting minutes, shifted market expectations, with investors now anticipating a later start to rate cuts. This data-dependent approach adds uncertainty for investors. Meanwhile, weaker-than-expected inflation figures in China further dampened sentiment, fueling worries about the Chinese economys health. The global economic outlook remains cautious, with investors closely watching central bank policies and economic indicators, particularly in the US and China.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.