The cautious market sentiment prevailing is a result of recent comments made by Richmond Federal Reserve President Tom Barkin. He highlighted the Fed’s capacity to postpone rate cuts until there are clearer indications of inflation easing. This assertion is in line with the Fed’s recent meeting outcomes, which emphasized a patient approach. Furthermore, the April
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The optimism surrounding potential interest rate cuts in the United States has propelled Asian stocks to 15-month highs, with investors closely monitoring the situation. The MSCI’s broadest index of Asia-Pacific shares outside Japan saw a 0.3% increase at the onset of trading, indicating a positive sentiment among investors. However, Hong Kong shares experienced a slight
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