A look at the day ahead in Asian markets from Jamie McGeever.
report it was hoping for on Tuesday yet gave back most of its earlier substantial gains, reflecting an underlying nervousness about the U.S. interest rate outlook.
As luck would have it though, investors don't have long to wait for some clarity - Fed Chair Jerome Powell will take questions from reporters on Wednesday after the Fed delivers what is almost certain to be aThis will mark a downshift from the Fed after four consecutive 75 bps increases, and if the trends apparent in November's inflation figures continue in the months ahead, it may not be long before the tightening cycle winds down completely.
That said, unless and until Powell tells markets what they want to hear, investors might be wary of chasing a rally much higher with the year end and holiday season so close at hand.
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