Home USA News Asian stocks rose more or fell less after Fed Chairman’s speech eased concerns about interest rate cuts

Asian stocks rose more or fell less after Fed Chairman’s speech eased concerns about interest rate cuts

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Asian stocks rose more or fell less after Fed Chairman’s speech eased concerns about interest rate cuts

Economic data again shows inflation is declining, Federal Reserve ChairmanballRecent conversations have also become easierinvestAsian stock markets closed with gains today amid concerns over the US central bank’s plan to cut interest rates this year.

The stock market rally that began in the second half of last year has faltered in recent weeks as a series of data suggested that the strong U.S. economy and tough price conditions may prompt monetary easing for U.S. officials, Agence France-Presse reported. May not be suitable to do. Policy this year.

Additionally, US monetary policymakers have warned that they have concerns about cutting borrowing costs too quickly. This has also affected the views of investors, reducing their expectations of interest rate cuts this year.

Fortunately, Jerome Powell said at a conference in California yesterday that he still expects to cut interest rates this year. This reduces the concerns of investors to some extent.

Ball said America is at its highest level in 20 yearsRate of interesthaving an impact, but adjusting interest rates too quickly could be “quite devastating” to the US economy; However, if the world’s largest economy continues to recover as expected, most Fed officials are still optimistic that “it is appropriate to make some starting point” this year by cutting the policy interest rate.

The latest data shows that the expansion of the US service industry slowed and input costs fell sharply in March, suggesting that inflation is continuing to ease. This also provides additional confidence to investors.

Stock market traders are now waiting for tomorrow’s US March employment report, which may influence the Federal Reserve’s interest rate policy plan.

The US S&P 500 and Nasdaq closed with gains yesterday and most Asian stock markets followed suit today. Tokyo shares closed up 0.8%, while Sydney, Seoul, Singapore and Jakarta also closed higher. But stocks in Wellington, Bangkok and Manila closed down.

Stock markets in Hong Kong, Shanghai and Taipei were closed for national holidays.

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