At his press conference, Fed Chair Jerome Powell said a rate cut in September is “on the table,” provided the inflation data continues to be encouraging.
Asian markets will assess business activity readings from across the region, including the Caixin purchasing managers index from China.
This comes after the Fed's Federal Open Market Committee meeting concluded Wednesday, where it opted to hold the federal funds rate at its current level of 5.25% to 5.5%. "I don't want to be really specific about what we're going to do, but that's not something we're thinking about right now," he said.
Markets Breaking News: Markets Asia Economy Nikkei 225 Index S&P 500 Index Hang Seng Index Business News
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific markets set for mixed open after Powell signals possible rate cut in SeptemberAt his press conference, Fed Chair Jerome Powell said a rate cut in September is “on the table,” provided the inflation data continues to be encouraging.
Read more »
Asia-Pacific markets mixed after Fed Chair Powell's rate cut comments lift Wall StreetFederal Reserve Chair Jerome Powell said the central bank will not wait until inflation hits 2% to cut interest rates.
Read more »
Asia-Pacific markets slip after Powell's dovish tone; Japan and China inflation in focusChina’s consumer price index is expected to climb 0.4% in June, compared with 0.3% in May.
Read more »
Alma Powell, civic leader and wife of late Secretary of State Colin Powell, dies at 86Political News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Alma Powell, wife of Gen. Colin Powell and Birmingham native, dead at 86She came home again to Birmingham in 1963 while her husband was deployed for his first tour in Vietnam.
Read more »
Alma Powell, civic leader and wife of the late Colin Powell, dies at 86Alma Powell — who was recognized for her work to empower young people and was married to military leader Colin Powell — died after a brief illness.
Read more »