Stocks in Asia set to gain as Fed opens door for potential rate cut

  • 📰 CNBC
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word word 'patient ' from its statement and said it would 'act as appropriate' to sustain the economy.

U.S. President Donald Trump and Chinese Xi Jinping are set to meet at the upcoming G-20 summit in Japan, which will happen next week. Trump said talks between the "respective teams" would begin prior to that.

"Although the Fed partiality has shifted from a wait and see mode to an easing bias, the fact that trade uncertainty and its impact on global growth has been the main catalyst for its change in stance, means that a new round of Fed easing is largely contingent on the outcomes from upcoming G20 meeting between President Trump and Xi," analysts at National Australia Bank wrote in a note.

"For now though, the change in the Fed's bias has encouraged the market to increase its expectations that a new round of easing is just around the corner," they wrote., which tracks the greenback against a basket of its peers, was at 97.117 after slipping from levels above 97.6 yesterday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

👀

Post the transcripts FAKE NEWS NETWORK!

Thought the news from Powell was hold on it might go up?

Stop saying potential ratecut HIS WORDS! NO FUKING RATE CUTS UNTIL 2020 , YOU GUYS REALLY ARE MONEYMONSTERS

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asia stocks cautious before Fed, oil on defensiveInvestor caution ahead of the Federal Reserve's interest rate meeting cappe...
Source: Reuters - 🏆 2. / 97 Read more »

One group of stocks has been a surefire winner when the Fed cuts interest ratesInvestors bracing themselves for lower Federal Reserve rates should think about loading up on health care stocks, history shows.
Source: CNBC - 🏆 12. / 72 Read more »

Dividend stocks, hot this year, may get even hotter thanks to the Federal ReserveDividend stocks have been hot this year, and the Fed could add to that fire
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks look set to drift up near records as investors await crucial Fed decisionStock-index futures were mired in muted action Wednesday as investors awaited a key decision by the Federal Reserve that could determine whether Wall Street is likely to get a highly anticipated rate cut, or cuts, this year. draghi set up the bases loaded, Powell just needs to release the dovish statement for new ATHs and the grand slam. $SPY $SPX $QQQ $IWM
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks finish higher as the Fed signals possible rate cutsThe Dow finished higher on Wednesday after the Federal Reserve indicated that it may cut rates multiple times this year. THE I PROVED WAS ANSWERD I. WAITING FOR U TO BELIEVE IN URSELF Thanks realDonaldTrump 2020 Again..thank you President Trump!
Source: CNN - 🏆 4. / 95 Read more »