The Federal Reserve’s rate-cut campaign for 2024 may have ended due to a strong labor report, signaling economic resilience. Wall Street experts, including Ed Yardeni and Larry Summers, criticize further easing, fearing inflation risks. Investors and economists debate the central bank’s future policy moves.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.