{"id":62756,"date":"2023-09-19T00:41:29","date_gmt":"2023-09-19T04:41:29","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/asian-markets-slip-ahead-of-feds-interest-rate-decision\/"},"modified":"2023-09-19T00:41:32","modified_gmt":"2023-09-19T04:41:32","slug":"asian-markets-slip-ahead-of-feds-interest-rate-decision","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=62756","title":{"rendered":"Asian markets slip ahead of Fed\u2019s interest-rate decision"},"content":{"rendered":"
\n

TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates.<\/p>\n

Japan\u2019s benchmark Nikkei 225
\n JP:NIK
\n dropped 1.2% in morning trading. Australia\u2019s S&P\/ASX 200
\n AU:XJO
\n lost 0.4% while South Korea\u2019s Kospi
\n KR:180721
\n edged down 0.3%. Hong Kong\u2019s Hang Seng
\n HK:HSI
\n slipped 0.1%, while the Shanghai Composite
\n CN:SHCOMP
\n fell 0.1%. Benchmark indexes in Singapore
\n SG:STI
\n and Taiwan
\n TW:Y9999
\n rose, while stocks slipped in Indonesia
\n ID:JAKIDX.<\/span>\n <\/p>\n

\n

The Fed is due to wrap up a two day meeting on Wednesday. Japan\u2019s central bank will meet Thursday-Friday as observers speculate that it might gradually begin to adjust its longstanding negative interest rate policy.<\/p>\n

\u201cMarket sentiments remained in its usual wait-and-see ahead of the Federal Open Market Committee meeting this week,\u201d said Yeap Jun Rong, market analyst at IG.<\/p>\n

Monday on Wall Street, the S&P 500
\n SPX
\n edged up 0.1% to 4,453.53 and the Dow Jones Industrial Average
\n DJIA
\n rose less than 0.1% to 34,624,30. The Nasdaq composite
\n COMP
\n added less than 0.1% to 13,710.24.<\/p>\n

Stocks have been see-sawing since early August on uncertainty about whether the Fed will finally end its hikes to interest rates. Higher rates have helped cool inflation from its peak last summer, but they also hurt prices for stocks and other investments while slowing the economy.<\/p>\n

Traders almost universally expect the Fed to keep rates steady at its meeting this week. Attention will mainly focus on forecasts Fed officials will publish about where they expect interest rates, the economy and the job market to head in upcoming years.<\/p>\n

Traders are betting on a roughly 40% chance the Fed will raise rates again in either November or December, according to data from CME Group.<\/p>\n

But just as much attention will be on what Fed officials say about next year, when investors expect the Fed to begin cutting interest rates. Investors crave such cuts, which typically loosen up financial conditions and give boosts to financial markets. The big question is by how much the Fed could cut.<\/p>\n

Fears are strong that rates may have to stay higher for longer to get inflation down to the Fed\u2019s 2% target. That quest has been complicated by a recent spike in oil prices.<\/p>\n

Worries about a possible recession persist though they have diminished as reports have shown the economy and job market remain resilient. One worrying factor is where bond yields are, with two-year and other shorter-term yields continuing to remain higher than longer-term yields. That\u2019s an unusual occurrence that has often preceded recessions in the past.<\/p>\n

Another warning signal comes from the leading economic indicators index, which looks at new orders for manufacturers, consumer expectations for business conditions and other factors that could show where the economy is heading.<\/p>\n

When its six-month annualized rate-of-change contracts 3% or more, it\u2019s always been associated with a recession, according to Doug Ramsey, chief investment officer of The Leuthold Group.<\/p>\n

It\u2019s been 15 months since the most recent such warning. In the past, the longest stretch between such a trigger and a recession was the 16 months before the Great Recession. If this matches that one, it could imply a recession beginning in October, Ramsey says.<\/p>\n

In energy trading, benchmark U.S. crude
\n CLV23,
\n +1.07%<\/bg-quote>
\n added 81 cents to $92.29 a barrel in electronic trading on the New York Mercantile Exchange. It rose 71 cents to $91.48 Monday. That\u2019s up from less than $70 in July. Brent crude
\n BRNX23,
\n +0.67%<\/bg-quote>,<\/span>
\n the international standard, rose 18 cents to $94.61 a barrel.<\/p>\n

In currency trading, the U.S. dollar
\n USDJPY,
\n +0.11%<\/bg-quote>
\n inched up to 147.71 Japanese yen from 147.58 yen.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates. Japan\u2019s benchmark Nikkei 225 JP:NIK dropped 1.2% in morning trading. Australia\u2019s S&P\/ASX 200 AU:XJO lost 0.4% while South Korea\u2019s Kospi KR:180721 edged down 0.3%. Hong Kong\u2019s Hang Seng HK:HSI slipped 0.1%, while the Shanghai Composite CN:SHCOMP fell […]<\/p>\n","protected":false},"author":1,"featured_media":62757,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-62756","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nAsian markets slip ahead of Fed\u2019s interest-rate decision | iFintechWorld<\/title>\n<meta name=\"description\" content=\"TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates. Japan\u2019s benchmark\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=62756\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian markets slip ahead of Fed\u2019s interest-rate decision | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates. Japan\u2019s benchmark\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=62756\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-19T04:41:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-19T04:41:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1695098490_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=62756#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=62756\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Asian markets slip ahead of Fed\u2019s interest-rate decision\",\"datePublished\":\"2023-09-19T04:41:29+00:00\",\"dateModified\":\"2023-09-19T04:41:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=62756\"},\"wordCount\":604,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=62756#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=62756\",\"url\":\"https:\/\/ifintechworld.com\/?p=62756\",\"name\":\"Asian markets slip ahead of Fed\u2019s interest-rate decision | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-19T04:41:29+00:00\",\"dateModified\":\"2023-09-19T04:41:32+00:00\",\"description\":\"TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates. Japan\u2019s benchmark\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=62756#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=62756\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=62756#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asian markets slip ahead of Fed\u2019s interest-rate decision\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Asian markets slip ahead of Fed\u2019s interest-rate decision | iFintechWorld","description":"TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates. Japan\u2019s benchmark","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=62756","og_locale":"en_US","og_type":"article","og_title":"Asian markets slip ahead of Fed\u2019s interest-rate decision | iFintechWorld","og_description":"TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates. Japan\u2019s benchmark","og_url":"https:\/\/ifintechworld.com\/?p=62756","og_site_name":"iFintechWorld","article_published_time":"2023-09-19T04:41:29+00:00","article_modified_time":"2023-09-19T04:41:32+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/09\/1695098490_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=62756#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=62756"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Asian markets slip ahead of Fed\u2019s interest-rate decision","datePublished":"2023-09-19T04:41:29+00:00","dateModified":"2023-09-19T04:41:32+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=62756"},"wordCount":604,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=62756#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=62756","url":"https:\/\/ifintechworld.com\/?p=62756","name":"Asian markets slip ahead of Fed\u2019s interest-rate decision | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-19T04:41:29+00:00","dateModified":"2023-09-19T04:41:32+00:00","description":"TOKYO \u2014 Asian shares mostly declined in cautious trading Tuesday ahead of the\u00a0Federal Reserve\u2019s looming decision\u00a0on interest rates. Japan\u2019s benchmark","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=62756#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=62756"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=62756#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Asian markets slip ahead of Fed\u2019s interest-rate decision"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/62756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62756"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/62756\/revisions"}],"predecessor-version":[{"id":62758,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/62756\/revisions\/62758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/62757"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}