U.S. dividend ETFs garnered $3.05 billion in September after the Fed’s rate reduction, reflecting a hunt for income amid expected yield drops. However, rising 10-year Treasury yields and the S&P 500’s high valuations may influence future inflows.
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.