Asian markets gained across the board on Tuesday as Japan’s unemployment rate came in higher than expected.
Despite the move higher, it's still shaping up to be a difficult August for the group. The KWEB has slid more than 11%, while the FXI and MCHI are both down around 10%.A resurgence in inflation remains a risk as long as economic growth is strong, strategist says
Federal Reserve policy rates have likely peaked, according to Seema Shah, Chief Global Strategist, Principal Asset Management. However, the message to be taken from Fed Chair Jerome Powell's Jackson Hole speech is that the central bank still needs to remain alert to inflation pressures."As such, the first Fed rate cut will likely only come in late 2Q 2024, once job losses have risen and growth has clearly slowed.
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