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Fed rate cut expectations buoy housing market

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Expectations of interest rate cuts from the Federal Reserve have provided a boost to the housing market. The central bank's projection of three potential...

This week's busy global central bank agenda was manna for stock market bulls who especially welcomed the Federal Reserve decision to stand dovishly pat, for now, and a surprise Swiss National Bank rate cut deemed a foreshadowing of where its peers were heading easing-wise this year. The question for Asia after stocks in Tokyo and Taiwan hit record highs Thursday is whether a breather is in store or another round of yet higher highs across timezones.

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Stock market today: Stocks waver after Fed's preferred inflation gauge meets expectationsInvestors are on edge for the PCE reading, seen as key to assessing how quickly the Fed will start cutting rates.
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