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Asian market set to welcome dovish Fed comments

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Asian markets are set to start the day with a generally positive tone, taking cues from Wall Street's performance. The bullish sentiment comes in resp

onse to the dovish remarks made by Federal Reserve officials regarding interest rates. Treasury yields fell, and the S&P 500 rebounded, erasing earlier losses after Federal Reserve Vice Chair Philip Jefferson's statements suggested a cautious approach to future rate hikes in light of recent increases in Treasury yields. Additionally, Federal Reserve Bank of Dallas President Lorie Logan noted that the recent surge in long-term U.S.

And this was very much suggested in Friday'spost-NFP tea leaves,so now we have the official follow-up.

 

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