Asian markets opened lower today. This follows a subdued session on Wall Street. Investors are now keenly awaiting key US inflation data. This report will influence the Federal Reserve’s interest rate decisions. Tech stocks and bonds are under pressure. The market remains cautious ahead of this crucial economic release.
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