Asian markets mixed after Fed official floats rate cut delay
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Asian markets were mixed after a US Federal Reserve official suggested delaying or reducing interest rate cuts. Traders are assessing the outlook for US monetary policy, with some questioning whether the central bank will stick to its projection of three cuts this year. Fed officials, including Atlanta president Raphael Bostic and governor Lisa Cook, have expressed caution about acting too quickly. Fed governor Christopher Waller suggested reducing the number of rate cuts or pushing them further into the future. The yen hit a 34-year low against the dollar, stabilizing after comments from a Bank of Japan official. Tokyo's Nikkei 225 was down over 1%, while Hong Kong, Shanghai, Sydney, and Wellington rose. The dollar was down against the yen, the euro, and the pound. West Texas Intermediate and Brent North Sea Crude prices rose. The Dow and FTSE 100 closed higher.

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https://www.legit.ng/business-economy/economy/1585585-asian-markets-mixed-fed-official-floats-rate-cut-delay/