Fed Brings Goldilocks Outcome for Asia Markets, Strategists Say
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, speaking after a FOMC meeting on the floor of the New York Stock Exchange on Wednesday.Uncertainty from the US Federal Reserve on when it might cut interest rates again will bring a degree of relief to Asia’s markets across asset classes, according to analysts.The region’s currencies should get a boost from weakness in the dollar, with short-dated bonds and high grade credit benefiting from the US central bank’s liquidity injections, strategists said. Cyclical stocks and the shares of exporters are also seen benefiting.