Asia markets poised to trade cautiously with Fed meeting set to kick off
is scheduled to start a two-day monetary policy meeting on Tuesday stateside. Expectations for any policy changes are low, but investors will look for clues about potential rate cuts this year.
"Recent speeches by Fed officials, including Fed chair Jay Powell, have indicated a growing wariness of the inflation outlook and a willingness to act if required. We expect the to formalise this view on Wednesday by hinting that near‑term cuts to the Fed funds rate are coming. We expect the Fed will cut the Fed funds rate in December, but the risk is skewed to earlier cuts," Kim Mundy, currency strategist at Commonwealth Bank of Australia, wrote in a note.Meanwhile, on the U.S.
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