Asian markets boosted by Fed chief’s rate cut talk …C0NTINUE READING HERE >>>
The yen extended recent gains on the prospect of US interest rates coming down as Japanese borrowing costs rise.
Photo: Richard A. Brooks / AFP
Source: AFP
Most Asian equities rose with the yen on Monday after US Federal Reserve boss Jerome Powell said “the time has come” to start cutting interest rates, lining up the central bank for a move as soon as next month.
The comments provided investors with an extra boost and helped put the market turmoil earlier in August behind them, though…
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