Stocks inch lower, dollar firm as Fed focus intensifies; crypto soars

TOKYO - Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.

Markets currently factor in about 41 basis points of Fed rate reductions this year, with a quarter-point cut fully priced in for November. Even so, Fed officials are reluctant to declare inflation is coming under control, with Vice Chair Philip Jefferson saying on Monday that it was too early to tell if the slowdown is"long lasting," and Vice Chair Michael Barr saying restrictive policy needs more time."Market sentiment remains relatively robust, with implied volatility low, supported by greater confidence in U.S. rate cuts this year," Kyle Rodda, senior markets analyst at Capital.com, wrote in a note.

Meanwhile, the standout performers of Monday continued their rise, as traders snapped up cryptocurrencies following a report that the SEC had abruptly asked exchanges that want to trade ether ETFs to update regulatory filings, boosting bets that approval could come this week."Speculation around the ether ETF has certainly played its part in the move, throwing fuel on the crypto bull market bonfire that had reignited after last week's cooler U.S.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asian stocks rise as tech boost offsets Fed jitters; China leadsAsian stocks rise as tech boost offsets Fed jitters; China leads
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stocks jump, yields drop as Fed cut hopes bloomStocks jump, yields drop as Fed cut hopes bloom
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Asian stocks: Japan, Australia dip as Fed meeting loomsAsian stocks: Japan, Australia dip as Fed meeting looms
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Asia stocks rise as Fed tamps down hike fears; yen leapsAsia stocks rise as Fed tamps down hike fears; yen leaps
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Asia stocks slip, dollar climbs as Fed rate path ponderedAsia stocks slip, dollar climbs as Fed rate path pondered
La source: Investingcom - 🏆 450. / 53 Lire la suite »