Asian stocks fell as investors awaited key inflation readings for clues on global interest rates and monetary policy. The dollar rose on higher Treasury yields as gold remained under pressure. Equities slid, bonds swooned, and the USD showed strength. Markets reacted to data on inflation, economic activity, and German inflation.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
July 1, 2026