China’s economic woes offset Federal Reserve’s rate hopes

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TOKYO Asian markets were mixed on Monday, with optimism over an expected U.S. interest rate cut offset by worries over the Chinese economy following the release of more disappointing data. Figures on Aug. 30 showed the Federal Reserve's favored gauge of inflation fell in line with forecasts in July, setting the bank up to ease monetary policy this month. Focus is now on the release of the closely watched non-farm payrolls report on Sep. 6, which will provide the latest snapshot of the world's

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China’s economic woes offset Federal Reserve’s rate hopes https://www.hurriyetdailynews.com/ - 02.09.2024 11:43

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China’s economic woes offset Federal Reserve’s rate hopes https://www.hurriyetdailynews.com/ - 02.09.2024 11:43