Asian stocks declined on Monday following US jobs data, raising concerns about the Federal Reserve’s timing on interest rate cuts. Markets in Australia, Japan, and South Korea saw losses, while US futures remained steady. The dollar held firm, and iron ore prices fell below $90 a ton for the first time since late 2022.
Warsh’s gamble: A quieter Federal Reserve could mean volatile markets, higher rates
New Federal Reserve Chair Kevin Warsh is significantly reducing the central bank’s communication, particularly “forward guidance” on interest rates. This move, aimed at making markets