Asian Markets Wary as Wall Street Rally Pauses; Fed Rate Cuts Unlikely in 2024

Market participants eye Federal Reserve's inflation measures and Chairman Powell's upcoming remarks amid ongoing economic and inflation concerns.

Asian stock markets show signs of caution following a stall in Wall Street's recent surge, with mixed openings across the region.
Economist Torsten Slok from Apollo Global Management argues against expectations of interest rate cuts by the Federal Reserve in 2024, citing economic and inflationary pressures.
The real estate market faces a shift as sellers adjust to new realities, including price cuts and increased mortgage-approval challenges, signaling a move away from the seller's market of recent years.
Investors and markets are reacting to various factors including the Federal Reserve's inflation measures, corporate earnings, and geopolitical tensions, influencing global financial trends.
The anticipation of the Federal Reserve's preferred inflation measure and comments from Chairman Jerome Powell are key focal points for market participants, amid concerns over high inflation levels.