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The Fed Holds Steady, Qualcomm Beats on China Strength

Bloomberg Daybreak: Asia Edition

CHAPTER

Fed Meeting Insights and Market Reactions

This chapter delves into the recent Federal Reserve meeting, Chair Powell's insights highlighting the Fed's commitment to a higher-for-longer narrative and their stance on rate cuts. It also discusses the market impact, focusing on the surprise fade into close and the yen's rally against the dollar, along with rising risks in currency stability and the Bank of Japan's interventions. Additionally, technical analysis of market levels, potential movements, and the Fed's stance on inflation and economic growth are covered.

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