Stocks in Asia gain, dollar sways as Fed minutes take centre stage

was 1.3% higher and set for a third straight day of gains for the year. The index fell 20% in 2022, its worst performance since 2008.

Minutes from the Fed's December meeting, when it cautioned rates may need to remain higher for longer, are due to be released later on Wednesday. Investors will parse the minutes to figure out whether more policy tightening is likely. "There are two camps out there and they are wrestling for dominance in terms of the view. Some days higher-for-longer wins some days higher-then-lower camp wins," Carnell said.

Markets, however, are pricing in rate cuts for late 2023, with fed fund futures implying a range of 4.25% to 4.5% by December.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

11 predictions for money, technology, stocks and crypto for 2023While many analysts are predicting tough times for 2023, this columnist thinks the timing may just be right for the economy to 'morph into something healthy for while.' Here's codywillard's 11 financial predictions for the New Year. OPINION codywillard maybe, but I dont think that the price for oil will be so low this year.
Source: MarketWatch - 🏆 3. / 97 Read more »