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Asian stocks track Wall Street higher on hopes for Fed softening of rate-hike plans

Por: MarketWatch Business October 26, 2022

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Wall Street’s benchmark S&P 500 index rose for a third day after bond prices rose, suggesting some investors expect the Fed to ease off rate hikes as economic activity cools. Traders see weaker U.S. housing prices and other data as support for a “dial back” of Fed plans at its December meeting, said Vishnu Varathan of Mizuho Bank in a report. The new British prime minister, Rishi Sunak, warned Tuesday of a “profound economic crisis,”... + full article



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