Equity markets in China and Japan also pushed higher, while S&P 500 and Nasdaq 100 futures fluctuated after a dip in Wall Street shares on Tuesday.to Taiwan that has provoked an angry response from China, but markets for the moment are absorbing the developments as traders contemplate their ramifications.A dollar gauge dipped along with Treasury yields but the two-year rate remained above 3%.
The comments from Fed officials including Mary Daly, Loretta Mester and Charles Evans served to highlight the challenging backdrop of rising borrowing costs, price pressures and slowing economic growth confronting markets.the Fed has “a long way to go” on reaching price stability around a 2% inflation target. Cleveland counterpart Mester said she wants to see “very compelling evidence” that month-to-month price increases are moderating.
“It’s hard to see any meaningful upside in equities right now,” Xi Qiao, managing director for global wealth management at UBS Group AG, said on Bloomberg Television. “The market is going to trade pretty mixed, stay choppy until we have a little bit more certainty.”
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