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Asian markets were mixed Tuesday after Federal Reserve officials looked to dampen expectations for a series of interest rate cuts next year.
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Asian markets were mixed Tuesday after Federal Reserve officials looked to dampen expectations for a series of interest rate cuts next year.
The U.S. Fed's decision to hold its key lending rate on Wednesday and pencil in three interest rate cuts next year has fueled optimism.
Asian markets built on the previous day's rally Friday as investors recalibrated their outlook for the new year.
With Wall Street seeing little action at the back of last week owing to the Thanksgiving break, traders had few catalysts to drive action.
Asian stocks were mixed Monday following small gains on Wall Street as investors grow increasingly optimistic.
Investors built on a strong performance on Wall Street -- where US Treasury yields also sank.
Federal Reserve boss Jerome Powell warned he "will not hesitate" to hike interest rates further in his quest to bring inflation to heel.
Markets rallied again Monday following another strong performance on Wall Street, as below-forecast US jobs data fanned optimism.
Data showing a smaller-than-expected rise in personal consumption and a still-healthy US economy injected a little optimism.
Markets fell further Tuesday as investors grew increasingly fearful about another possible US interest rate hike.