Asian markets edged down Tuesday as investors jockey ahead of a slew of central bank decisions, key economic data and earnings from tech titans this week.
While last week’s US inflation report further stoked optimism that the Federal Reserve will cut interest rates at least once this year, traders became more cautious after Monday’s rally.
The US central bank is expected to stay put on monetary policy Wednesday, but its post-meeting statement will be pored over in hopes of confirmation it will lower borrowing costs in September.
Boss Jerome Powell ramped up bets on a move earlier this month when he said officials did not need to see inflation hit their two percent target before cutting.
A string of figures indicating prices were under control and the labour market was softening have helped fuel confidence that easing is on the way, with some market-watchers suggesting there could be three cuts …