Business & Finance
Asia Stocks to Gain on Signal for Fewer Fed Hikes: Markets Wrap
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Asia Stocks to Gain on Signal for Fewer Fed Hikes: Markets Wrap Asian stocks looked set for broad gains on Wednesday after US equities recovered from session lows on signals that the Federal Reserve may not need to raise interest rates aggressively next year. Equity-index futures for Japan and South Korea advanced, while those for Australia edged lower. The S&P 500 closed little changed and Treasuries rallied after New York Fed President John Williams said he continues to see one more rate...
Asia Stocks to Gain on Signal for Fewer Fed Hikes: Markets Wrap
Asian stocks looked set for broad gains on Wednesday after US equities recovered from session lows on signals that the Federal Reserve may not need to raise interest rates aggressively next year.
Equity-index futures for Japan and South Korea advanced, while those for Australia edged lower. The S&P 500 closed little changed and Treasuries rallied after New York Fed President John Williams said he continues to see one more rate hike as appropriate this year, but currently sees no need for further tightening in 2027. The dollar fell.