HONG KONG — Asian markets were mixed Wednesday as traders tried to ascertain how big an expected Federal Reserve (Fed) interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data.
HONG KONG — Asian markets were mixed Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data.While the US central bank is widely expected to cut borrowing costs for the first time since the start of the pandemic, the big question is whether officials will go for a bumper move before a series of smaller ones into the new year.
'Yet media reports from well-connected journalists over the weekend have made the point that a discussion for a 50-point cut was very much alive.'He said traders now saw a 70 percent chance of a 50-point cut, adding that 'when pricing expectations are this high, it is very rare for the to disappoint.'Still, Asian markets were mixed.Tokyo rose as a weaker yen helped exporters.
Equity Markets Fluctuate On Uncertainty Over Rate Cut Size
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