Asian stocks declined amid concerns over high Wall Street valuations, triggered by strong US economic data and mixed signals from Federal Reserve officials regarding potential rate cuts. The dollar strengthened, while the yen weakened. Investors are now closely watching the upcoming inflation report, which will influence the Fed’s future policy decisions, adding to market uncertainty.
US Federal Reserve chair Kevin Warsh says he will stick by 2% inflation target, vows to bring in real-time economic data for making interest rate decisions
Federal Reserve Chairman Kevin Warsh declared unwavering commitment to the 2% inflation target, signaling no monetary policy easing despite President Trump’s calls for rate cuts.
July 1, 2026