HONG KONG — Equities fell Friday as traders prepared for the release of US jobs data that could play a key role in the Federal Reserve's decision-making on interest rates, with several officials indicating the cutting has finished for now.
HONG KONG — Equities fell Friday as traders prepared for the release of US jobs data that could play a key role in the Federal Reserve's decision-making on interest rates, with several officials indicating the cutting has finished for now. Markets have started the year cautiously, with the optimism that characterized most of the past three months dented by concerns about Donald Trump's coming presidency and the US central bank's hawkish pivot on monetary policy.
Several Fed officials have also since lined up to warn they would be keen to take it easy on easing policy this year.Boston Fed president Susan Collins said 'considerable uncertainty' meant a slower pace of reduction would be warranted, adding that borrowing costs were in the right place for now and could be held for longer 'if there is little further progress on inflation.
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