Asiastocks Slip After Fed Tempers Aggressive Rate Cut Expectations

Asiastocks Slip After Fed Tempers Aggressive Rate Cut Expectations

Wednesday, June 26, 2019
Asian stocks slipped on Wednesday and the #dollar pulled back from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing.

Fed Chair Jerome Powell on Tuesday said the central bank is “insulated from short-term political pressures,” pushing back against U.S. President Donald Trump’s demand for a significant rate cut. Powell, however, said Fed policymakers are wrestling with whether uncertainties around U.S. tariffs, Washington’s conflict with trading partners and tame inflation require a rate cut.


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