What Powell’s Hawkish Transition Could Mean for Asian Markets
- Strategists mixed on implications for Asia equities and FX
- Higher U.S. rates often trigger capital flows out of region
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Jerome Powell sent a stir through global markets Tuesday, paving the way for quicker-than-expected U.S. hikes, which would ripple through rate-sensitive Asian assets.
The Federal Reserve Chair told Congress that policymakers will discuss whether to wrap up bond purchases a few months earlier and retired the word “transitory” from his commentary on inflation.