Aug 22, 2024
Stocks, Bonds Fall as Traders Rethink Fed Velocity: Markets Wrap
(Bloomberg) -- Asian equities faced early declines on Friday after markets adjusted wagers on the pace of US interest-rate cuts ahead of Jerome Powell’s Jackson Hole appearance.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoStock futures for Japan, Australia and Hong Kong dropped, echoin