Asia’s optimism comes while minutes from the Federal Reserve’s December meeting, published on Wednesday, contained a caution against late-year rate cuts traders have priced in. Fed committee members noted that “unwarranted easing in financial conditions” would complicate efforts to restore price stability, the minutes showed.Asian shares hit 4-month high on reopening of Chinese economy
Asia’s optimism comes while minutes from the Federal Reserve’s December meeting, published on Wednesday, contained a caution against late-year rate cuts traders have priced in. Fed committee members noted that “unwarranted easing in financial conditions” would complicate efforts to restore price stability, the minutes showed.