Bloomberg Daybreak: Asia Edition

Asian Stocks Rise as Traders Look to Fed Rate Cut

Sep 12, 2024
Gene Goldman, Chief Investment Officer at Cetera Financial Group, Lydia Boussour, Senior Economist at EY, and Paul Jackson, Bloomberg Economy Editor in Tokyo, dive into the implications of the upcoming Federal Reserve meeting. They discuss the latest CPI reading's potential influence on interest rates and market dynamics. Key concerns include rising unemployment, geopolitical risks, and the potential for a Democratic majority in Congress. There's a spotlight on Japan’s wage growth and its impact on consumer spending, emphasizing the interconnectedness of global economies.
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