After a period of panic fueled by trade war fears, Wall Street has rebounded, driven by optimism surrounding potential tariff progress. Risky assets have rallied, yet skepticism persists due to lingering concerns about policy shocks and economic strains. Investors remain cautious, with some anticipating further market volatility despite the recent gains.
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.