Asian stocks slip with Wall St ahead of Powell, yen rises

Legit | 23-08-2024 03:18pm |

Asian investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be. Powell's speech comes after three Fed officials said they wanted to see more data before agreeing to a rate cut.

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