Hong Kong, Feb 12, 2025 (AFP) - Asian stocks rise as Powell rate warning taken in stride

NAMPA / AFP

2025-02-12

Equities rose in Asia on Wednesday as traders took in their stride a warning from Federal Reserve boss Jerome Powell that the US central bank "did not need to be in a hurry" to cut interest rates again. The remarks, reflecting similar sentiments from another top monetary policymaker, came a day before the release of closely watched inflation data and reinforced expectations that borrowing costs would likely remain elevated for some time. Asia's g......

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