Asian markets rise as Hong Kong, China, and Taiwan are closed for a public holiday. The timing of interest rate cuts remains uncertain as policymakers assess inflation. Hedge fund managers express doubts about reaching the Fed's inflation goal. Amazon cuts jobs in technology and sales units, while cloud computing sales decline. Industry problems need to be addressed for GDP growth.
The Nikkei 225 climbed 0.81% and Korea's Kospi rose 1.45% as markets in Hong Kong, China, and Taiwan were closed for a public holiday. Policymakers are taking more time to assess inflation, making the timing of interest rate cuts uncertain. Hedge fund managers like David Einhorn believe it will be difficult for the Fed to reach its 2% inflation goal. Amazon is cutting jobs in its technology and sales and marketing units, while sales growth in the cloud computing division has declined.
Industry problems need to be addressed quickly for GDP growth to pick up
Asian Markets Interest Rate Cuts Inflation Hedge Fund Managers Amazon Job Cuts Cloud Computing GDP Growth
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