Equity futures for benchmarks in Japan, Australia and Hong Kong all fell after Wall Street ended Wednesday flat, failing to avert a ninth consecutive decline for a widely-watched measure of global equities — it’s worst losing streak in a dozen years. US futures were moderately higher in early Asian trading.
“We are at an inflexion point in the economy and the bond market,” Bob Michele, CIO for fixed income at JPMorgan Asset Management, said in an interview with Bloomberg Television. “The last 15 years were not normal, we got to a structural low and now we are going to revert to something that is more normal.”
“If these downside scenarios hit the US economy, we might then have to do less with our monetary policy to bring inflation back down to 2%,” Kashkari said in an interview on CNN.
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