Asian stocks rose, mirroring US gains after weak jobs data bolstered expectations for a Federal Reserve rate cut next week. Bitcoin slipped as traders priced in a high chance of a December reduction. Investors are watching Japan’s bond auction and the dollar’s impact on Asian currencies.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation