Mumbai, Oct. 8 -- Asian stocks ended mostly lower on Wednesday after Wall Street's main indexes pulled back from record highs overnight on the back of mixed messages from Federal Reserve officials on the pace on interest-rate cuts and concerns about a bubble forming around artificial intelligence.
Federal Reserve Governor Stephen Miran said tariffs are not driving inflation and the Fed can keep easing policy. Separately, Fed Bank of Minneapolis President Neel Kashkari warned that drastic rate cuts would risk stoking prices.
Meanwhile, the Trump administration has warned of no guaranteed back pay for federal workers as the government shutdown headed into its eighth day.
Japanese markets ended lower even as dovish policy expectations con...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.