Asian equities declined following Wall Street’s tech selloff, triggered by Nvidia’s slump and concerns over an overextended rally. Investors are reducing tech positions amid worries the rally has moved too fast, with attention shifting to Jerome Powell’s upcoming speech at Jackson Hole.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend