Asia stocks shaky ahead of Fed, yen hits 4-month low

FILE PHOTO: An electronic screen displaying Japan's Nikkei share average and stock prices is seen through a car in TokyoSYDNEY - Asian shares were hesitant on Wednesday on concerns the Federal Reserve could signal a slower path of rate cuts this year, while the yen plumbed a fresh four-month low on expectations that policy in Japan will remain accommodative for a while longer.

The dollar gained 0.2% to 151.16 yen, a fresh four-month high, and moved closer to the 152 level that prompted Japanese authorities to intervene to stem the currency's slide in late 2022. It slumped about 1.1% overnight. With BOJ out of the way, focus is now squarely on the Federal Reserve policy meeting outcome later in the day where the risk is the new economic projections - the dot plot - could signal just two interest rate cuts, down from three, or a later start to the policy easing.

Goldman Sachs expects the Fed would also debate about the level of neutral rate. The bank estimates the long-run neutral rate to be at the 3.25-3.5% range, higher than the widely thought 2-2.5%.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Asia Stocks to Follow US Rally With Eyes on Fed: Markets WrapStocks in Asia are set to rise after Wall Street traders sent US benchmarks to fresh all-time highs before the Federal Reserve decision.
Fonte: BNNBloomberg - 🏆 83. / 50 Consulte Mais informação »

Asia Stocks Echo US Rally With Eyes on Fed Meet: Markets Wrap(Bloomberg) -- Stocks in Asia rose after US equities touched fresh highs and bonds also rallied as traders brace for the latest monetary policy decision from...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market today: Asian stocks gain ahead of US and Japan rate decisionsHONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. Oil prices and U.S...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »

Stock market today: Asian stocks gain ahead of US and Japan rate decisionsHONG KONG (AP) — Asian stocks advanced Monday ahead of policy decisions this week by Japan’s central bank and the Federal Reserve. Oil prices and U.S. futures rose.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Stock market today: Asian shares mostly lower, Japan's Nikkei 225 falls 2.5%BEIJING (AP) — Asian shares were mostly lower on Monday after Wall Street’s huge rally faltered last week. Japan’s Nikkei 225 index shed 2.5% to 38,704.10...
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »