Asian Markets Drop, Fed Rate Cut Unlikely in March

Asian stock markets experienced a downturn due to uncertainty over US Federal Reserve interest rate cuts and disappointing Chinese inflation numbers. The Federal Reserves January meeting minutes suggested a less likely rate cut in March, while Chinas inflation data indicated persistent deflationary pressures. Oil prices rebounded slightly, but the dollar remained stable. Future economic reports will influence central banks decisions and global market movements.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.