TOKYO (AP) — Asian shares were mixed in muted trading Friday ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly...
TOKYO — Asian shares were mixed in muted trading Friday ahead of a speech by Federal Reserve Chair Jerome Powell that might deliver clues on how quickly and deeply the Fed may cut interest rates.
“We stuck to a very loose monetary policy until March. The point was our commitment to that until it’s confirmed the economy is on track to realize a gradual, stable rise in prices that’s sustainable,” Ueda told lawmakers. One report showed slightly more U.S. workers applied for unemployment benefits last week than expected.
One danger is if expectations for coming cuts have gone overboard among investors. U.S. companies continue to report mostly better-than-expected profits for the springtime.
Interest Rates Jerome Powell Japan Federal Reserve Kazuo Ueda
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